Your opinion on a living situation

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Would you rather live in a very nice apt/neighborhood and community with great features or in a good(but not great) place and save more money. I'm talking about renting so nothing permanent.

My situation - found an apt complex that is perfect. In the location where I've always wanted to live, within walking distance from most restaurants/bars/clubs I go to, new building, awesome resort style pool/bbq/lounge/club area (the best I've seen so far) and currently walking distance from my job(which may change in a few months but not sure and this is just a bonus). The apartments are also roomy for the area. BUT its at least 800 more a month than most other places (I'm splitting the cost so 400 more per person).

I pretty much have my mind made up but wanted to hear other perspectives and possible experiences.
When renting, I always go for the place that gives me the least I need, not the most. I hate paying to enhance someone else's equity.
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Would you save enough walking to work to make up for it? Same with cabs or whatever to clubs bars?
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depends how long you're staying there - if you plan to move there and stay for a long time - then maybe your creature comforts may be worth it - but that seems to be A LOT higher priced than the others - is there something in between?

I've lived in not so great apartments and I've lived in great apartments. Currently I live in a pretty-darn-good apartment, I love the community and my apartment. I was miserable at the lower end apartment and the great apartment turned out to have really bad management.
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Would you save enough walking to work to make up for it? Same with cabs or whatever to clubs bars?
Originally Posted by CurlyCanadian
No, I currently only live 3 miles away so gas and cab for a month doesn't come near.

Financially it's definitely more, no question. Part of me is still deciding if the extra money is worth the lifestyle. I already chose a pretty nice apt (but no good pool and not within walking distance to anywhere) to save money so I'm wanting to try the other route.
I prefer keeping my living expenses low. I like more money in my pocket, and less to worry about covering if something were to happen.
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The only time I lived somewhere resort style, it was less than two miles from my job in Newport Beach. It was nice, but the only neighbor I met was the only pedophile in all of Irvine.

I would rather save the money and live somewhere nice but not so expensive. But then again, my resort-style apartment wasn't a good experience, so take my comments with a grain of salt.
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That depends on what you can afford. What fun is it living my all these great things if by the time you pay rent you can't afford to enjoy any of them.
In a lot of instances, I'd rather save the money. Right now, I live in a good (but not great) place. It doesn't have some of the amenities that more trendier neighborhoods have, but then, I couldn't afford to live in them either. A big plus is that I'm only a block away from the subway and I'm in the city within 15 minutes. My BF pays about $150 less in rent than I do but he lives further out and getting to his place on public transportation is a pain, because it requires both a bus AND a train. He has hinted than he would like us to live together in the future, but I know I wouldn't like living so far out, even if it's cheaper. We'll have to see
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That depends on what you can afford. What fun is it living my all these great things if by the time you pay rent you can't afford to enjoy any of them.
Originally Posted by scrills
I can afford it. I've been paying 400 more now for the past 6 months (since my lease was up) and it's been okay, just can't save or spend freely as much as I'd like. So I'd actually be spending less here. But I was expecting to spend wayyy less since I'm not living alone and the combined cost is high. I'm also paying way too much now since I'm on a month to month.

I was thinking I could go on more vacations instead. Or i need to make more money. Oh how I want it all.

Overall I think it would be a fun experience and I'd actually use all the amenities (within the complex and walking everywhere, not to mention I can walk to the park I like to jog in).
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Last edited by Josephine; 07-15-2013 at 02:34 PM.
Is saving for a down payment for a house one of your short term goals? If so, then I would focus my efforts on that and take the cheaper place.

But maybe you don't want to own a home? If that's not your goal AND if you like entertaining at home, then I'd live large for a while and enjoy the luxury. Sometimes you just need to treat yourself.

But personally, I would choose the cheaper apt.
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Is saving for a down payment for a house one of your short term goals? If so, then I would focus my efforts on that and take the cheaper place.

But maybe you don't want to own a home? If that's not your goal AND if you like entertaining at home, then I'd live large for a while and enjoy the luxury. Sometimes you just need to treat yourself.

But personally, I would choose the cheaper apt.
Originally Posted by spiderlashes5000
No, not saving for buying and not remotely interested.
In a lot of instances, I'd rather save the money. Right now, I live in a good (but not great) place. It doesn't have some of the amenities that more trendier neighborhoods have, but then, I couldn't afford to live in them either. A big plus is that I'm only a block away from the subway and I'm in the city within 15 minutes. My BF pays about $150 less in rent than I do but he lives further out and getting to his place on public transportation is a pain, because it requires both a bus AND a train. He has hinted than he would like us to live together in the future, but I know I wouldn't like living so far out, even if it's cheaper. We'll have to see
Originally Posted by LadyV69
If I could afford it, I would definitely pay more somewhere where it's a lot more convenient for public transportation. I think that affects your quality of life quite a bit.

I definitely would not be considering this if I couldn't afford it or would be struggling, so that's not an issue. It boils down to which luxury would I rather pay for.
Go for the gusto. If you know you'll enjoy being around the amenities and get use of them, I say go for it. At the very least it'll be an experience you'll be glad to have had.
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I say "live well."

When I lived in decent but cheap apartments, I wound up spending more for amenities, anyway. And I got depressed when passing through the nearby "transitional" neighborhoods. And I had an accordion fence (?) across my bedroom window. It all wound up being a big bummer.
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In my experience, those resort-type amenities don't get used as much as people think they will. I've also found that places with that stuff always seem to be overrun with kids. However, being within a short walk to things you will use (bars, restaurants, shopping, etc) is invaluable. If it were me, I would look for a place that's nice enough and in a great location, but cheaper.
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I used to work with this guy and he always wanted to move out of the burbs and into this trendy area in the city a couple of miles from our office. We all thought he was crazy because we all lived in the county even the ones like me who were single. He owned a small house in the county and sold the house and moved to the downtown area. He thrived. He lost weight, gained friends, after a while bought a house there and eventually became the accountant for most of the small businesses in the area and that became his day job. The last time that I talked to him, he told me that he hadn't moved his car in a year except to visit his mom who lives in the burbs.

So maybe go for it. Especially if you're renting, you can move if you find it is really not for you.
I am not much help when it comes to the living in an area where you can walk vs. a greater distance. Almost everything is a greater distance here (people could turn out some fantastic loft apts in town here, but they don't utilize the space), but I say do what makes you happy. I would probably opt for the cheaper apt, but if you think you can swing it, and would enjoy all the access, go for it!!
When I hear terms like "hipster" I think, who told cliques they could leave high school??

I would say pick the better location. It sounds like the nicer apt is in a better location so for that reason alone that's where I'd live.
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Thanks for the input guys. Unfortunately there aren't really any in between places that I am looking for. If I went lower in price, I would have to sacrifice too much in quality(since the place I want to move to is a much better location).

We are planning on going back to apply this afternoon. Eeks.
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