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Reply to "Is this possible without family money?"
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[quote=Anonymous][quote=Anonymous][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] Sure assuming taxes magically don’t exist it’s 2-3 years [/quote] Uh you realize some people invest their bonuses right? You realize the market has been up significantly since 2013 including 2 years of 20% gains, right? Do you assume everyone holds their bonuses in 0.1% savings accounts?[/quote] DP. Even you were planning to need that money for a down payment in the next couple of years, it actually would have been stupid to have it in the market. Now, that bet would have paid off over the last couple of years, but it still would have been a dumb move that just happened to work out this time.[/quote] If the bet doesn't work out you continue renting or living in the smaller house. What's the big deal? If things had gone wrong in the market, do you think that there wouldn't be tear downs in Bethesda to be had 5 or 10 yrs from now?[/quote]
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