Post Law School Question Forum

[MK2021]

Hi everyone,

I know this isn’t about legal employment but many of you graduated from law school and have had to make the decision I’m about to make. I just want to make sure it is a smart decision and am doing everything to gather the information I need. Is it better to rent when you graduate from law school or buy a residential home as soon as possible so I’m not wasting money on rent? Thank you I really appreciate any advice.

[Dahl]

Impossible to really answer this without knowing 1) your city 2)your loan/current debt situation and 3) your long term plans. It may make sense to keep renting if your rent isn’t exorbitant and you’re using your extra income to pay off high interest student loans. It all depends.

[Anonymous User]

Impossible to really answer this without knowing 1) your city 2)your loan/current debt situation and 3) your long term plans. It may make sense to keep renting if your rent isn’t exorbitant and you’re using your extra income to pay off high interest student loans. It all depends.

Yes, you are right. I didn’t know if anyone had general advice but I think what you are saying is valid and I don’t feel comfortable talking about my financial situation on here. Thank you for the feedback I guess no more need for this thread.

[MK2021]

Impossible to really answer this without knowing 1) your city 2)your loan/current debt situation and 3) your long term plans. It may make sense to keep renting if your rent isn’t exorbitant and you’re using your extra income to pay off high interest student loans. It all depends.

Yes, you are right. I didn’t know if anyone had general advice but I think what you are saying is valid and I don’t feel comfortable talking about my financial situation on here. Thank you for the feedback I guess no more need for this thread.

Accidentally replied as anon I am the OP that responded

[Anonymous User]

I have nothing concrete to add but I’d recommend googling ‘NYT rent vs buy calculator.’ That should bring up the NYT’s interactive tool. The relevant factors are going to vary from market to market, individual to individual, etc., but the tool should give you a feel for some of the financial parameters that matter most (mortgage rates, rents, rate of return in public markets, and so on).