If What You're Chasing is Square Feet, Just Exit the New York Metro Area
If you're lucky enough to be accepted to rent the 216 square feet in NYC that will set you back $1,500 a month. Believe me, you can and will adjust to the small space. Meanwhile you have access to almost an infinite amount of employment opportunities, as well as world-class culture, education, the ocean and fascinating people. But if you can release yourself from the spell cast by the mystique of NYC you can rent a three-bedroom in Tulsa, Oklahoma for the same amount - that is, $1,500. Part of my coaching practice includes guiding those over-50 in how to balance shelter with a budget. For many New Yorkers there probably is no interest in a three-bedroom. Those I have helped have been the typical efficiency dwellers in New York Metro. A 500-foot efficiency, with alcove for a bed, in a gated complex in Tulsa goes for $650. Add on to that up to $70 for water and sewer. A small one bedroom, 600 square feet, is $685. Yes, there's also the add-on. There are amenities such...