There are a lot of costs associated with having a child. There are the obvious ones like feeding, clothing, etc. There are also the ones you start saving for immediately, like college. But the biggest, most obnoxious cost that I've had to deal with lately, is finding a new place to live.
Kim and I have lived in the same apartment for the last four years. Its approximately 750 sq. ft. in Midtown East. I love this apartment. It is below market for whatever reason - it is currently almost $300 per month less than when we first rented it in 2008. That's now how rents usually work. Thank you market crash and semi-depression!
We have a great building with doormen we like (with the exception of one) and things generally work how they're supposed to.
We have to give up this apartment because of Evan Jr. We can't have a baby living in our living room. We need a second bedroom. Or at least a "sort of" second bedroom in a junior 4.
A junior 4 is not a true bedroom. Its an apartment that has four rooms, but the fourth room may or may not have a closet, it may be pretty small (think 9 x 10 in a generous situation), and it may have two entrances. You can put up a wall and maybe build a closet in to make it more like a true two bedroom, but that second bedroom is going to be small, and it will never be a true two bedroom.
A couple weeks ago we found this amazing apartment. It was 1350 sq. ft., which is astounding for someone like me in Manhattan. The price was decent, not great. We basically committed to it. Then the owner came back form Portugal unexpectedly, and because his son's stage 4 cancer had returned (is that possible?), he wanted to keep the apartment. And we're now scrambling.
This is great. Evan Jr., you better support me in my old age.