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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]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] Someone who is a sr assoc today (like me) got $80k last year and $50k the year before and, going back 3 years, $25k. Or someone a year ahead of me (like DH) got $90k in 17 then $65k the year before that then $50k the year before that. How you turn that into $320k after taxes despite how strong the market has been. [/quote]
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