For those of you in NYC, would you pay more in rent to have the ability to walk to work? Just seems like such a boost to quality of life to not have to mess with subways/Uber/taxis in that quest to get to work on time.
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I walked to work for a year and a half. It was about a 6 minute walk. It honestly depends where you work. I kind of came to despise living and working in midtown because it felt like I never left the area where I work. Always subconsciously felt "on". Now that I have moved a bit further away, I feel like I have some separation from the office. Also, midtown is a cultural and culinary dead zone. The only people who live there are, mostly, other finance people. Living in an area that is actually meant for people to live in is so much nicer. If you are pulling 80+ hour weeks consistently then I understand that having a 5 or 10 min walk to work might make it worth it. But given that I work 50-60 at most, having a home that is separate from where I work is a nice relief.
I guess I never thought of the value of actually NOT living close to work -- but I totally get it. Living near your office can give off too similar of a vibe, so you don't really feel like you're "getting away" from it.
Just as a side question -- what kind of job is letting you work only 50-60 hours a week?
quantitative alpha research for global equities on the buy side.
Cool, thank you.
That's a mouthful.. try saying that 5 times fast, hehe
Since there is a cost associated with subway (unless you buy monthly anyway),Uber/taxi... you could quantify that and use that to justify the difference in rent.
Personally, I’d rather walk to work. I’d consider anything within 15 mins “close” of a walk in NYC.
Yep. Not being someone who currently takes public transportation, didn't really even consider that transportation could be a sizable cost... but I guess with subway and the occasional Uber, that's probably at least 50 bucks a week.
I mean, it goes beyond that. An unlimited monthly MetroCard is $121, so obviously there's some savings right there. But there is the daily certainty of when you arrive to work, the lack of stress with an often-broken subway system, the health benefits of walking to work, just feeling a little more clearheaded from the exercise in the morning. Hell, an extra 5-10 minutes of sleep is worth something.
Tough to add those up because they're all super qualitative, but it's definitely worth something, even beyond the quantifiable aspect of what you're paying.
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