Not a law-related question at all but first-year associate that just went under contract for a house. Am I crazy for buying and paying over asking in this market?

like
Posting as :
works at
You are currently posting as works at

I think overpaying in a high interest rate environment is not ideal, but you can always refinance in the future. If you feel comfortable handling the mortgage then go for it. Comfortable with mortgage includes being comfortable paying it at a lower income.

like

This!

like

Yes. Your interest rate is like 7%+ and house prices are incredibly high still (at least the market I'm in).

like

Does it matter? It's done now.

likefunny

Are you buying at your current income level, or one more sustainable in the future.

They call them golden handcuffs for a reason and having a large mortgage with a high interest rate on an underwater property are some pretty strong cuffs.

like

I am having buyer’s remorse but the only saving grace is that it’s a two family house and I have renters paying half of my mortgage.

like

That’s a good scenario! If you love it don’t overthink it.

like

Yes

like

It depends.

What were the circumstances leading you to paying over listing?

Generally housing values only go up in the long term & it sounds like this will be an investment for you so don’t sweat it too much

It’s still equity being built on each payment (albeit a tiny amount your first few years of minimum payments), so even if it’s more then you’d usually pay, at least you’ll get something out of it when you leave, even if just a recoup of the closing costs. You’d have nothing if you leased.

Would have been nice to buy in 2021 when it was 2.3%, but I’m in a similar boat with having a higher payment then I’d initially expected. Che sera sera. Just hope values stay up enough for me to lose the PMI next year

More Posts

Can someone pls explain the current designation hierarchy in mastercard like level 5,6,7 etc?

like

CORCORAN LEGENDS REALTY. PART TIME JOB!!!!!!


We are seeking a talented Rental Agent to join our thriving team! The ideal candidate for this position will enjoy fast-paced work, show creativity and have a high degree of professionalism when working with our residents. The Rental Agent is responsible for creating and maintaining successful relationships with landlords and closing rental inquiries efficiently.


If you’re an enthusiastic, perceptive individual who’s eager to make an impact

Any MD ladies willing to share how they got there? Feeling so burnt out and unsupported.

like

Hi everyone. This is probably not the best place to post this but searching for options everywhere right now. My mom is in an abusive living situation with the father of my siblings and I’m trying to find a place for her live. I live in DC and she has a stable job in Atl so living with me is not an option. She is unable to get an apartment due to poor credit and rental history. I’m willing to handle her rent, etc. If anyone is renting out a space or aware of someone who is please lmk.

like

I completed MBA in 2019 , with with Bachelors Degree in Mathematics and Statistics . I am good with Python ,SQL , R , and PHP also verse with tools like Power BI and Tableau . I have done it all with interviews .I recently moved from Nigeria to Canada , and this is my third month of Job search .What am I doing wrong?

like

Anyone willing to share PowerPoint templates for BPI - P2P O2C R2R

like

Which is better in terms of wlb & learning Metlife gosc , Natwest , Thoughtworks
Yoe 8.5
Ctc offered almost same
Location natwest and thoughtworks gurgaon Metlife gosc noida

like

Hi Frontend heroes... I'm a new guy here.

Need a bit of guidance regarding job change.

I have 3 YOE (relevant 3 years in react)
actually I started directly with React and later on JavaScript for core fundamental.

what should be the expected salary I should be asking right now and what companies should I target.

**By the way I don't know DSA**

Please help me guys... much thanks..

like

How are accentures bonuses typically?

like

Need 11 likes please..

like

How do I stop my ESPP contributions? When I go in to change it, it lets me go down to 1% but not cancel it completely. Sorry if this is a silly question...

Is anyone here on Growlr?

like

Which firm is the strongest in their Cybersecurity / Risk management practice?

like

What is everyone’s opinion on going into a less demanding field while my kids are young. The pay is comparable to an attorney. However, I do not want to completely ruin my attorney career because I’m not sure if the short term job would be a long term career option.

like

Hello. I am a Spring 2022 Masters graduate, possibly aiming for a full time conversion in a retail company that I am doing my internship at. My internship is that of a Data analyst. I also have an MBA and 2.5 years of work experience in Financial analysis (from India). Though I am new to tech, I was doing analysis before.
I was told I might be good for a level 2 position. I am hoping to understand the salary range I need to aim at?

like

Were there any layoffs in EY FAAS practice in last 5 years in Chicago office? How stable is EY FAAS?

like

Married manager crushing on a junior consultant (not acting on it…yet). How cliche

funnylike

Hi fishes,Can Employer PF is part of CTC ?I guess no where I have seen the employer PF inclusion in ctc breakup like below. Also why they are deducting Employee PF contribution from the ctc and calculating net salary? Is this correct approach?

Post Photo
like

I’m looking for any financial due diligence roles. Are there even any staff/associate positions? High performer in government audit

New to this .. is it a good time to Litecoin and Ethereum?

Additional Posts in Law

I was up all night drafting a 9-10 page memo based on the latest version of the draft agreement the client had sent us. I was literally proofreading it when client sent me a new version of the agreement and I think I'll have so start over. Not sure how to feel. Yay hours / dead inside

like

Weird to hang law licenses versus diplomas? Diplomas seem too weird to me.

like

Anyone leave being a lawyer to work in consulting-- alix, duff and phelps, primeclerk-- do you regret it? What were the pros and cons?

like

Any thoughts on Phillips Lytle? If you could please provide insight on culture/billable requirements? Thank you.

like

How does life of a “specialist” compare to that of those in a set practice group?

like

Has anyone here made the switch from litigation to transactional law? If so, any advice on how to market yourself to future employers?

like

Curious about demand for US-trained lawyers in the UK. Anyone have any insight on making the move? What practice areas/seniority levels are in demand, best ways to go about finding openings, etc?

like

Some questions:
Are there remote Big Law jobs out there? I live in a smaller Florida market.

Is it possible for someone with 5 years experience primarily in ID (including complex excess and high value cases) to move into a Big Law role? Any advice to do this?

like

Asking for a friend, may have used the C word over a text that text is now being produced in litigation. Opposing side is threatening to refer it to the Bar. Does anyone think they will care?

like

Raise your hand if you have to work over the weekend (even though the juniors under you don’t have to)?! ✋

like

Anyone else take the bar exam after practicing for a while? I took another state bar this past July and just remembered that I get my results tomorrow. Now I’m all distracted and worried I failed. Sometimes I really hate our profession 🙄

like

Went straight in-house in the TV/Film industry after the bar exam. Many industry jobs I’m interested in require 1-2 years of law firm experience. Would a firm hire someone like me? I specialize in IP.

like

Thoughts on Adams and Reese?

like

For those of you who started your own Trusts and Estates practice - what was the hardest when you first started?

like

Does anyone “keep” emails and documents prepared over the weekend to send on Monday instead? I don’t want to be appear over-eager and nobody’s chasing me for these. I just try to do as much as I can over the weekend so that I’m not rushing for time on the weekdays. Am I weird?

like

Tax lawyer considering expanding practice from transactional tax to tax controversy. Thoughts, Especially in light of the economy? Would this increase my marketability down the line?

like

What large firms will do contingent plaintiff's work? I know several "complex" fields (i.e. patent litigation, securities class action, antitrust, etc.) still have a market for contingent work.

like

Do you ever have a hard time doing good work for a particular client? I work with a client that has crazy deadlines, is disorganized and is constantly changing the deal. On top of all that, they’re rude. I feel like my work product isn’t up to my own expectations because I dread any email from them.

like

How should do you leave your firm? Letter or in person to supervising partner? I was recently offered a position which pays almost 40% higher doing exactly what I want to do (L&E). I have been at my current firm for about a year and I feel bad because they pay market rates and have treated me really well.

like

The longer WFH drags on the more stupid mistakes I find myself making. Submitted a research memo to a partner today with an embarrassing number of minor typos. I’m a 4th year and really shouldn’t make mistakes like this, but fortunately my analysis was solid. Any tips for staying sharp during all of this?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal