Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Real Estate
Reply to "s/o--so how did you afford a 2 million dollar home?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous]Good friends just bought a house for just over $2M (and they own a $1m-ish (my estimate) vacation home. He's a partner at a dc law firm (just turned 40) and they don't have any family money. kids are in public school or about to be, and they drive really nice cars and take nice vacations. I dont know their saving habits or how much they put down. I do remember talking about 529s so they have definitely been putting money away for the kids. [/quote] Numbers don't add up. Either they have family money or they are saving very little. Putting some money in a 529 is only a fraction of what they should be saving right now. Big Law isn't an annuity these days. Last person I knew who came from this type of background and took on this much mortgage debt ended up in a government job later and the vacation home in the Outer Banks hit the market soon thereafter. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics