I'm currently exploring the idea of buying a home in Vancouver, Washington, primarily because it's close to my employer, which might require me to return to in-person work in the future. My plan is to rent out 1-2 of the rooms to generate extra income. One aspect that attracts me to Washington is its lack of income tax, which could be a significant financial benefit. Additionally, I'm familiar with the Vancouver area, which adds to my comfort level. However, I'm also considering the possibility of eventually moving to New York City for a year, something I've always wanted to do. In this case, I'd like to clarify that my intention is to rent in New York City for just a year. I want to have a backup plan in place, ideally having an empty bedroom in my house that I can stay in case I return or visit Vancouver, Washington. I'd greatly appreciate any insights or suggestions from those who have experience with real estate in either Vancouver or New York City. How should I approach this situation, and what factors should I consider when making these housing decisions? Thank you in advance for your guidance! TC: 200k YOE: PhD + 8 years
only needed couple weeks to see how disconnected the reality of NYC is vs media hype and locals’ stockholm syndrome. Suggest not committing to 1 year from the getgo, try 1 mo at most for an initial booking
Is that right ? In that case what about I buy the house in Vancouver Washington and just do an Airbnb for a month in NYC ?
yea or if u really unsure do the airbnb first. I’d bet you buy in WA though.
I live in Vancouver Washington (in an apt remote worker). I recently bought a home in arizona which is going to be built. Most houses are overpriced like they are in Oregon. NYC is also expensive. it sounds like if you buy a home you’d want to leave anyway and rent it out so it would be an investment. How much can you put down? I doubt you can cover your mortgage with rent with todays rates so I definitely wouldn’t buy an investment home right now especially not in Vancouver. Just my $0.02
I can buy the home cash so mortage is not an issue
What's your plan if your team has to RTO and you already have a 1 year lease signed in NYC? I agree with Google. Living in NYC is different than visiting. I lived there when I was in grad school and thought I would enjoy it more but turns out I enjoy visiting the city for short periods of time. I would suggest living there short term to see if you like it. If you're eligible for sabbatical, it may be good opportunity to try it out. If you do sign a lease, don't forget about broker fees. I wouldn't consider Vancouver to Hillsboro close. I wouldn't want to do that drive in traffic.
This is true. The traffic across the bridge is so fucking awful now it’s insane. I’m so glad I’m remote I wouldn’t want to drive that every day
I can do it 1 time bi weekly and to me it’s not a problem at all. I don’t have to be in the office
I just did something similar. I have a 2 bed condo in SF. Rented out my guest bedroom, then spent a few weeks in NYC just cuz I could. Why hesitate, just do it if you want to, it’s a great experience!
That’s not the same thing. San Francisco rent vs Vancouver washington lol. Also you didn’t mention how much your mortgage is on the 2 bed, so it’s reasonable to assume that the rent covers the mortgage in which case it would be worth
I can buy the home in cash to mortage is not an issue
Single?
Yes
How much is the house in Vancouver for ? What’s the size ?
There is not a house at the moment. I have been looking for 3 bed and 2 bath.
Mind sharing how much is that going for in that area ?
Grew up in Van WA. Don’t do it.
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