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Somebody loan me a dime

By Paul Campos

On October 3, 2021

At 2:00 pm

In General

1731 Views

The struggles of the “upper middle class” in the City:

I know a guy who lives in a 3br apartment in Manhattan with his wife and kid.

Here’s a estimate of their monthly expenses:

$18k mortgage
$2k HOA
$3k prop tax
$0.5k parking
$16k 24/7 nanny
$5k food & entertainment
$2k travel

$46,500/month

$1,116,000 of pretax income per year.— Molson Hart (@Molson_Hart) October 3, 2021

Does this seem extravagant?

So on first glance this looks totally extravagant but it’s not actually. Yeah sure one could move farther out and pay less but if you want to live in Manhattan with a kid and have two working parents you kinda need a 3br and 24/7 help right? Of course one could get out of NYC too— Molson Hart (@Molson_Hart) October 3, 2021

You can get paid $200K per year to be a nanny in NYC? Time to loosen those immigration laws again!

OTOH this pay scale probably only applies to the right kind of nanny if you know what I mean and I think you do.

Also $24K per year for the HOA? I guess we’re not in Manhattan Kansas anymore.