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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here. So are people guessing large downpayment or mammoth mortgage?[/quote]

If they put 20% on 1.6mil that's 320k. You realize that's like 2-3 years of bonuses if he's 6-7th yr+ associate right? Sorry you're jealous.[/quote]

I don’t consider 20% a large downpayment. I would consider $1.28 a large mortgage. I would consider a large downpayment 50%+, making the mortgage “normal” range of $700-800k.

[/quote]

You may not (I don't either honestly) BUT you realize that there are PLENTY of buyers out there including people with $$$ jobs putting down 5-10%. So in the industry, 20% is considered large.

IDK how they sleep at night. Sure he's making great money NOW but partnership is never a guarantee no matter how much of a hot shot you are, no matter how much they tell you they love you and absolutely will promote you. Hell my firm is notorious for making people EQUITY partner and then pushing them out in 5-10 yrs if the executive committee partners aren't pleased; to say nothing of the tons of "stellar" seniors who are pushed out yearly. A 1.3mil mortgage when it could happen next yr or in 3 yrs that you're looking at a 150k inhouse or gov't gig?? Why not wait to buy that kind of home until after partnership if you're a senior associate already!?[/quote]

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