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Reply to "How does someone buy a 2M+ house in their 20’s just a few years out of grad school?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Two lawyers in big law can do this with 5-10% down if they don’t have significant student loans. Their household income could be 800k/yr, and they could have 100-200k saved. [/quote] Not at that young. [/quote] Total comp for a fourth year is 405k. So they definitely could. https://www.biglawinvestor.com/biglaw-salary-scale/[/quote] But what if dont make partner? [/quote] You likely won’t be pushed out of biglaw until year 8 at the earliest. By year 8, each of you is making 575k, so you can accumulate a lot of capital. Exit options for 8th year associates are generally pretty good, and you should be able to find a job with minimum 300k total comp after. The bigger problem, in my mind, is not being able to afford to quit a grueling job. [/quote]
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