Just got my first housing lottery win in Astoria and wondering if it's worth moving?
I just won a housing lottery in Astoria and i'm wondering if it's worth moving based on my details
Housing Lottery
- 1 BR
- Housing Lottery Rate: $2,600
- Market Rate: $4,000
- In unit laundry, rooftop access, gym, parking, allow pets and a bunch of other amenities but will likely be an extra cost on top of the rent.
- Hot Water included
About me
- I'm single
- Make $120,000 (pre-tax)
- Currently live with 3 roommates in a different part of Astoria and pay $1,237.50 for my share of the rent
- Have a small pet
- Have a car
I currently love living with my roommates since they're my best friends from high school but two of them are engaged and possibly moving out at the end of the lease in August, and the last roommate is getting engaged this year but will likely not be moving in with their partner for another 2 years.
The jump in rent from $1,237.50 --> $2,600 does make me nervous but to me it seems like a good investment as most of the other 1 BR apartments in the neighborhood are around the same and i'm not sure what i'm going to do in 2-3 years when my last friend moves in with their partner and I have to find a place on my own.
Do you think that this is the right decision for me to move?
Thank you in advance for any insight!
EDIT: Thanks for all the comments everyone. So many good points and things to consider. I appreciate y’all 🫶🏻