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Reply to "Earnings Stifled by Graduating During Recession "
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[quote=Anonymous][quote=Anonymous]OP here -- I'm a 2009 law grad who is doing okay, I've managed to work my way up to a somewhat decent salary, but I can't help but feel that my career somewhat failed to fully launch because of when I graduated. When I read threads from 35 year olds who've managed to accumulate ridiculous amounts of wealth, I just can't fathom how someone could make so much, buy a home without being totally house poor, and still invest/put away tons of money for retirement. People who were fortunate to be born in time to graduate during a boom economy and [b]when houses weren't insanely $$[/b], you are so lucky.[/quote] I graduated in 2001 and even then it us took YEARS to save for a house downpayment, so that by the time we started looking there were multiple offers on every crappy house on the market and everything sold above asking price. So we were squeezed out. We had no parental money coming in, unlike the majority around here (at least it seemed that way). Then we waited a few more years and bought right as the market started to turn. And we kept saying if we had just been out of school five years earlier we would have had enough money to get this house for 200K less. Such is life.[/quote]
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