The cost of living is low, but changing fairly qui
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7/12/2007
I've lived in the New York city metro area for most of my life and let's just say the cost of living is really out of control. I rented a deluxe studio in the currently and still gentrified neighborhood of Bedford-Stuyvesant for $789.00 a month. That was fairly reasonable considering I was literally 1 block from an express subway line and walking distance to neighboring Clinton Hills and Fort Greene. I moved to Baltimore about 2 years ago for work and I decided to no longer be a renter and purchase a home. I live in the up and coming neighborhood of Union Square and when I purchased my home, it was a steal! My mortgage for a 2 bedroom rowhouse with some upscale features and literally a spit away from all the attractions of downtown costs less for my mortgage than paying rent. Recently there are alot of rehabs on my block and the prices for home similar to mine have risen double to what I paid. The taxes are considerably higher and now it seems like I will paying the same, if not a little more than what I was paying from my place in New York City and let's not mention the parking situation. Was the move worth it; absolutely but like any metropolitan area, the cost of living is increasing rapidly.
Stephen | Baltimore, MD