Great topic.. 👏
Cost of living is really high in America especially in states like New York, Chicago, California where studio apartments are going for $1400 monthly.. with just one bedroom, eat in kichten and a small living room area.. ! New York City itself is the most expensive area to live in new york..! 10-15 years ago rents were stable and affordable apparently they skyrocketed over the past couple of years..
Reasons for increases i think are the massive imigrant population and the more and more people and bussinesses coming to NY every day..
NY being the the World Financial Capital also contributed a great deal to this increase.. apartments and offices spaces in Manhattan even go for $3000 to $5000 monthly in addition to any utility expenses..
We have been living in NY for about 20 years and the changes are drastic..A lot of people who cant pay there house mortgages (2000 to 3000) often end up going bankrupt or the banks/mortgage company's seizing there houses..
Benefits of living in such a busy place..
GOooooOd job opportunities.. but highly competitive market.. you have to be best of the best to get a decent job..
Gooood educational opportunities.. NY has over a hundered universities and colleges.. some are ivy leagues.. ie. Cornell NYU.. although if you dont get financial aid the tuition costs are very high.. a semsester at NYU would probably cost you more than $30,000...
Having said that.. i havent been to India but my parents do plan on going there to live in the long run.. they claim..
YOu have relatives there.. the ease of going to see them whenever you want is the most important reason for settling there..
You have huge houses in India although our house hear isnt tht bad but in NY most propertys are 100 * 140 which is really small.. no tension of rent, utilities are minor ..
But negatives of settling in India..
Loot Maar..
Unhealthy living conditions ie. mosquitoes, makhis.. *yuck*
Hella pollution..
More crazy drivers.. narrow streets and roads.. overly populated..
No laws protecting people against unfair treatement.. (right to sue someone)..
I wouldnt live in India.. visiting is ok.. if the duration is less than a month.. otherswise i cant see myself living there..
If you are educated and have a good job.. NY is the place to be for growth opportunties.. 😉
12