Taking Q's about inability to afford this house on biglaw

A forum for applicants and admitted students to ask law students and graduates about law school and the practice of law.
09042014

Diamond
Posts: 18203
Joined: Wed Oct 14, 2009 10:47 pm

Taking Q's about inability to afford this house on biglaw

Postby 09042014 » Wed Jul 16, 2014 2:29 pm

--LinkRemoved--

User avatar
Ricky-Bobby

Silver
Posts: 1151
Joined: Wed Dec 18, 2013 12:42 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby Ricky-Bobby » Wed Jul 16, 2014 2:40 pm

Why would anyone want to live in DC?

User avatar
Manteca

Silver
Posts: 1287
Joined: Fri Feb 07, 2014 4:55 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby Manteca » Wed Jul 16, 2014 2:42 pm

Are you buying it for the front lawn or the dartboard?

User avatar
chuckbass

Platinum
Posts: 9956
Joined: Sun Nov 27, 2011 9:29 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby chuckbass » Wed Jul 16, 2014 2:42 pm

9 1/2 St. :lol:

Tbf it is in a really good location if you frequent U street. A one minute walk home from Nellie's is 180.

09042014

Diamond
Posts: 18203
Joined: Wed Oct 14, 2009 10:47 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby 09042014 » Wed Jul 16, 2014 2:46 pm

Ricky-Bobby wrote:Why would anyone want to live in DC?


I dunno, but here I am.

09042014

Diamond
Posts: 18203
Joined: Wed Oct 14, 2009 10:47 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby 09042014 » Wed Jul 16, 2014 2:47 pm

jj1990 wrote:Are you buying it for the front lawn or the dartboard?


The dartboard really ties the room together.

User avatar
Ricky-Bobby

Silver
Posts: 1151
Joined: Wed Dec 18, 2013 12:42 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby Ricky-Bobby » Wed Jul 16, 2014 2:50 pm

Aren't you just living really cheaply and paying your debt off in 3 years tho?

09042014

Diamond
Posts: 18203
Joined: Wed Oct 14, 2009 10:47 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby 09042014 » Wed Jul 16, 2014 2:51 pm

Ricky-Bobby wrote:Aren't you just living really cheaply and paying your debt off in 3 years tho?


I refi'd my loans and now that they are at 3.5%, I've decided it doesn't make sense to fuck my retirement. So I'm maxing my 401k and looking to buy a house.

Mal Reynolds

Diamond
Posts: 12612
Joined: Mon Oct 03, 2011 12:16 am

Re: Taking Q's about inability to afford this house on biglaw

Postby Mal Reynolds » Wed Jul 16, 2014 2:53 pm

How long did you have to extend the repayment term?

toothbrush

Gold
Posts: 2388
Joined: Thu Jul 05, 2012 2:21 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby toothbrush » Wed Jul 16, 2014 2:55 pm

can you tl;dr me on refi'ing loans to 3.5%? i remember seeing someone post a website like sofi.com or something - is that how you did it?

Danger Zone

Platinum
Posts: 8259
Joined: Sat Mar 16, 2013 10:36 am

Re: Taking Q's about inability to afford this house on biglaw

Postby Danger Zone » Wed Jul 16, 2014 2:56 pm

toothbrush wrote:can you tl;dr me on refi'ing loans to 3.5%? i remember seeing someone post a website like sofi.com or something - is that how you did it?

Yep that's the one

09042014

Diamond
Posts: 18203
Joined: Wed Oct 14, 2009 10:47 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby 09042014 » Wed Jul 16, 2014 2:58 pm

Mal Reynolds wrote:How long did you have to extend the repayment term?


10 years from when I started the sofi loans. I can prepay if I want. But I can cop dat 401k deduct without worrying about return.

User avatar
anyriotgirl

Platinum
Posts: 8349
Joined: Wed Dec 18, 2013 11:54 am

Re: Taking Q's about inability to afford this house on biglaw

Postby anyriotgirl » Wed Jul 16, 2014 3:01 pm

Desert Fox wrote:
Mal Reynolds wrote:How long did you have to extend the repayment term?


10 years from when I started the sofi loans. I can prepay if I want. But I can cop dat 401k deduct without worrying about return.


what happens if you get shitcanned?

09042014

Diamond
Posts: 18203
Joined: Wed Oct 14, 2009 10:47 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby 09042014 » Wed Jul 16, 2014 3:05 pm

anyriotgirl wrote:
Desert Fox wrote:
Mal Reynolds wrote:How long did you have to extend the repayment term?


10 years from when I started the sofi loans. I can prepay if I want. But I can cop dat 401k deduct without worrying about return.


what happens if you get shitcanned?


I can take a 1 year forebearment. But then I gotta pay.

User avatar
jbagelboy

Diamond
Posts: 10314
Joined: Thu Nov 29, 2012 7:57 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby jbagelboy » Wed Jul 16, 2014 3:52 pm

Desert Fox wrote:
anyriotgirl wrote:
Desert Fox wrote:
Mal Reynolds wrote:How long did you have to extend the repayment term?


10 years from when I started the sofi loans. I can prepay if I want. But I can cop dat 401k deduct without worrying about return.


what happens if you get shitcanned?


I can take a 1 year forebearment. But then I gotta pay.


megaposters never get fired

09042014

Diamond
Posts: 18203
Joined: Wed Oct 14, 2009 10:47 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby 09042014 » Wed Jul 16, 2014 3:53 pm

jbagelboy wrote:
Desert Fox wrote:
anyriotgirl wrote:
Desert Fox wrote:10 years from when I started the sofi loans. I can prepay if I want. But I can cop dat 401k deduct without worrying about return.


what happens if you get shitcanned?


I can take a 1 year forebearment. But then I gotta pay.


megaposters never get fired


I'm literally gambling a million bucks on EE SECURE

User avatar
anyriotgirl

Platinum
Posts: 8349
Joined: Wed Dec 18, 2013 11:54 am

Re: Taking Q's about inability to afford this house on biglaw

Postby anyriotgirl » Wed Jul 16, 2014 4:06 pm

you planning on having any babies DF? school district a consideration in this purchase?

09042014

Diamond
Posts: 18203
Joined: Wed Oct 14, 2009 10:47 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby 09042014 » Wed Jul 16, 2014 4:08 pm

anyriotgirl wrote:you planning on having any babies DF? school district a consideration in this purchase?


I'm not sending my kids to DC public schools.

User avatar
chuckbass

Platinum
Posts: 9956
Joined: Sun Nov 27, 2011 9:29 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby chuckbass » Wed Jul 16, 2014 4:11 pm

Desert Fox wrote:
anyriotgirl wrote:you planning on having any babies DF? school district a consideration in this purchase?


I'm not sending my kids to DC public schools.

Sidwell or bust

User avatar
jingosaur

Gold
Posts: 3188
Joined: Fri Jan 04, 2013 10:33 am

Re: Taking Q's about inability to afford this house on biglaw

Postby jingosaur » Wed Jul 16, 2014 4:17 pm

At least you're married so you don't need an awesome place like that in order to impress chicks.

FSK

Platinum
Posts: 8058
Joined: Tue Oct 15, 2013 2:47 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby FSK » Wed Jul 16, 2014 4:22 pm

Desert Fox wrote:
anyriotgirl wrote:you planning on having any babies DF? school district a consideration in this purchase?


I'm not sending my kids to DC public schools.


Some MoCo and Fairfax public schools are solid, but still much worse than private.
Last edited by FSK on Sat Jan 27, 2018 6:00 pm, edited 1 time in total.

User avatar
jingosaur

Gold
Posts: 3188
Joined: Fri Jan 04, 2013 10:33 am

Re: Taking Q's about inability to afford this house on biglaw

Postby jingosaur » Wed Jul 16, 2014 4:28 pm

Actual question: Would you leave law forever and go back to your job before law school if your debt would be forgiven?

abl

Silver
Posts: 758
Joined: Mon Jan 19, 2009 8:07 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby abl » Wed Jul 16, 2014 4:30 pm

A. That house looks sweet.
B. Why can't you afford it?

09042014

Diamond
Posts: 18203
Joined: Wed Oct 14, 2009 10:47 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby 09042014 » Wed Jul 16, 2014 4:32 pm

jingosaur wrote:Actual question: Would you leave law forever and go back to your job before law school if your debt would be forgiven?

Yes.

User avatar
bulinus

Bronze
Posts: 199
Joined: Wed Jan 23, 2013 9:32 pm

Re: Taking Q's about inability to afford this house on biglaw

Postby bulinus » Wed Jul 16, 2014 4:40 pm

TBF, Zillow says you can have the hut for $439k



Return to ā€œAsk a Law Student / Graduateā€?

Who is online

Users browsing this forum: No registered users and 5 guests