Great debate:
Live at home and commute or live in the City. I have SA offer(s) and am debating between the two. It'll cost me roughly $330 a month for a MetroNorth monthly pass — about an hour each way. I'd say that I'd be spending minimum $1500 on housing and, say, $1000 on food per month if I were to live in Manhattan (or even Brooklyn, oy vey) and got lucky with a cheap sublet or split an apartment.
Am I better off just staying at home and commuting in (with "free" room and board)? I figure I'd be missing out on the social stuff, but can't I just crash in the City on weekends?
If anybody has good cost estimates, please do post them.
How the fuck do you spend $1k a month on food as a poor college kid? If you're intelligent and reasonable, you do not need to spend $1500/mo on housing or $1k a month on food. Even if you ate every single meal out you could do it for under $1k a month.
Same position as you and same dilemma.
On one hand I could commute, which costs 20 a day, so at 40 days equals a $400 commute (building is 5 blocks from penn station). That would take me roughly an hour to get in and an hour to get out.
An apartment would be anywhere from $800 to $1400 a month ($1600 - $2800 total). But on the bright side would be a lot more fun and a lot less time commuting.
Help a brotha out
Don't think about costs during this stage of your life, go for the convenience, go for the experience.
If you're working in IB..you should live closer to work. But that hasn't been said on this forum ad nauseum or anything..
lol @ 1k on food when your ass is going to be stuck in the office all day
don't live in brookyln... unless you're a dirty hipster
Not a dirty hipster. Brooklyn was a theoretical possibility if I can't be fucked to spend $3k a month in Manhattan. I guess the $1k on food was an overestimate. $500 a month, then?
Cost vs. Experience is a very very tempting argument to take the experience side of.
Those are just gross overestimations. What is the job? If it is IB, you won't need to pay for a lot / most of your dinners anyway. What do you even spend now? I would be surprised if you spent >$70/wk on food outside of meals you eat out, which is really entertainment/social life anyway. If you go grocery shopping, you can get a lot of convenient items for a low amount. I can't imagine you've ever gone grocery shopping based on those estimates.
And your rent estimation is grossly exaggerated. You can live in Manhattan, relatively close to your office, for ~$1-1.2k a month if you're willing to have roommates (which you should be). I've talked to many people who have done this. It isn't unheard of nor rocket science.
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