We just extended our lease for 6 months, because we have triplets who just graduated high school and their colleges have not commited to in person or online learning. So we do not know what to rent. Our decision will be based along the lines of what you write. It is cheaper to live 50 miles north or Miami, so if we stay in Miami we will purchase there for about 70% less than in Miami. Also, prices should be better in 6 months. If not, my wife is Panamanian, and you can live much better with the same money there. I have always done about 75% of my work online/remote/telephone, but over the last few months it has switched to well over 90% and I am liking it that way!
No reason to stay in the big city anymore. Nothing is open and you can get more space and value for your money to live somewhere else.
I just refinanced and I am only 30 minutes from downtown Miami. Doesn't make sense or cents to move at this point.
Completely over Boston, plus the benefits of Miami just with Taxes and lifestyle are great!
I love New York City and always will. But everything that makes it special is batterer by a pandemic. Broadway shows, restaurants and bars, museums, skyscrapers, public transit. But the most important thing for me is space. My $5k/month 800 square foot one bedroom apt in Greenwich village with no outdoor space is being replaced by a large 2 bedroom on the bay with a giant balcony for $3.5k/month.
We're doing the move as a test run to see if our family likes living and working in FL. Both my husband and I run our own businesses so, theoretically, we could do it from anywhere. If we don't like it (and my husband is convinced he won't) we'll come back to NYC or go to LA to give that a shot. I don't think we'll ever go SO far away from a city but if COVID has taught us anything, it's to optimize for loving where you live.
partner transferred job offices, I am going back to school
We can work remote now, why not move to a new city with great weather year round!
My friend wrote this article the other day... https://www.wbur.org/cognoscenti/2020/07/07/if-remote-work-is-our-new-reality-is-boston-still-worth-the-trouble
Remote Work. Cheap prices, better weather.