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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]Yep. Not common but possible. Dual income, bought 2M at 30. One of us in biglaw, the other is a fed. No outstanding loans, went to law school with half scholarship, part loans (40k), part family help (of about 80k total). Put 10% down of our own money with no PMI and got 1% off the interest rate due to firm relationship with private 1bank lender (which is standard). Biglaw salary has also been above market for several years in a row due to hours worked as well. At my firm, you don’t need to make partner to stay. We have many 15+ year associates. Your salary plateaus at 600kish but that’s certainly nothing to scoff at. [/quote]
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