| Did anyone factor in the taxes (Federal, State, and City taxes and Social Security) in New York City when doing the cost comparison? What about the 8.65 sales tax? Is there sales tax in Shanghai? No way that a two bedroom apartment costs 300-400K in New York. either the poster is quoting a statistics that's twenty years old or he/she is citing apartment values in the Bronx (SLUM). For any decent housing, it's about $1000 per square feet. Two bedroom is about average $900K-1.2 M in an average location! And what about those $$$$ maintenance charges in those apartments after you have bought it? Oh, forgot to state the property taxes (State and County). Also, let's not forget the tipping cost (15%) for a meal in New York. Do not ever forget TIPS in New York! What about the security cost? Do women feel safe taking the $2 subway late at night in New York? And if not, what do they take? Taxi, which is about average $8 - $12 per trip, plus tip. So, please factor these costs in your analysis |
Life in New York is Tough for Me