I've always wanted to live in Brooklyn or Manhattan. I was thinking about it and how it would tie in with my FI plan. So my FI#, excluding the equity in my house and tax advantaged accounts, is 400K. I feel at 400K + no mortgage/rent + what I have in tax advantaged, I'm good.
Going to NYC, I would want to rent out my house. Probably ask my friends a mile away to manage it and pay them a fair amount. Let's be super conservative and say in the first year I have to replace the roof and I'm break even short term on rental cash flow.
A quick look on Zillow says I can get a nice house for around 600K. I'm not sure how much I'd have to add for living expenses, higher taxes, etc, but I'm swagging at 30K/year. 30*25 + 600 = 1.35 million extra for the move to Brooklyn. That is another 7 years of working! I don't think that's worth it.
Then I realized I'm being a wussy complainypants. If MMM wanted to move to Brooklyn (seems far fetched, but IF) and he didn't want to work 7 years to do it, he would find a way!
I'm going to dig in and see what I can figure out, but curious on what the community thinks (other than "don't move to Brooklyn!")