Y’all are we headed to a recession or what? Do we think the housing market will cool off? Wondering whether to hold on home buying. But then will I still have a job? 🫠🥴

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

In general would not suggest buying a house if it’s going to be a big stretch where you have to live paycheck to paycheck to afford it. I’d say if you have enough savings to make all your payments for 6-12 months even if you get laid off, then go for it. Recessions/layoffs can happen anytime, we have zero control over that (see, e.g., global pandemic) but often we think a recession is going to be worse than it ends up being (see, e.g., Chinese stock market crash in 2015, early global pandemic).

like

Agree. Been seeing homes take massive markdowns recently. Talking sub $1MM homes with $50k-$100k markdowns.

Same boat over here. Looking at buying right now but hesitant to pull the trigger on a place

like

Ehhh this isn’t so simple. Sure maybe you get the house 10% lower on purchase price but if interests rates continue to rise it all comes out in the wash

also true^

Depends on the deal, depends on your liquidity, and depends on your debt. Wouldn't recommend anything that's either going to be a stretch or you can't afford if you lost your job and had to find something new to do.

Related Posts

Squad, best alt to buy on Bittrex right now? Started mid-2017 but haven’t bought any alts lately (barring OMG). Mix: BTC, ETH, LTC, XRP, XMR, OMG

Net worth was at -$280k @ age 25, hit $1m at 36, and today $2m at 39.

likeuplifting

Recommendations for how to allocate 401k with Fidelity. Just switched jobs and have to move from Merrill Lynch to Fidelity

like

Does the Uber credit card make sense to use for corporate travel? 4x on food 3x on flight and hotel 2x on Uber and no fee. What’s the catch here?

like

Anyone know safe/reliable way to buy Bitcoin or equivalent in London? I am new to the game but tying to explore options.

like

Just had my discovery flight and I’ve been wanting to go for my PPL for a while, just not sure I can justify the 15k or so investment in my current financial situation. Would it be really bad to spread my lesson over a period of a few years?

like

if ppl are getting 40% sal cut by moving to canada why move? assuming h1b cycles are smooth. if u and ur spouse both r able 2 work in canada then you can match earnings for single income in US

like

Georgia commercial real estate attorneys:

If a party enters into a PSA to buy real estate with knowledge that the Seller is already under contract to sell to someone else can the party take title free and clear of the earlier PSA (neither buyer has closed yet or recorded yet). This comes up because we are always arguing with sellers that if they sell the property to someone else in breach of the PSA and we can’t get specific performance as a result then the buyer should (continued in comments)

like

Ok so I I have saved Up some money and now I would like to start investing. Where do I start?

This week is for sitting on your hands. Risk into weekend is too high to buy any options. I don’t gamble any plays overnight during these times. Play intraday swings only

like

In what proportion do you typically allocate your net monthly savings into liquid cash, stocks, ETFs, Index Funds etc?

like

Should I sell my Tesla stock and go all in on Rivian?

like

Has anybody used muthoot gold point for cash for gold ? If yes how it is ?

like

When’s a good time to buy a house?

like

can any explain the advantages/disadvantages of doing a lump sum pension payout rather than waiting till retirement? I no longer work for the company so does my pension not grow so getting lump sum is better to move to an IRA? thanks in advance!

Does anyone know how the federal student loan process works after you have submitted your FAFSA?

like

In terms of financial health what are some recommended credit cards beyond the CSR? I only have two credit cards and want to expand CSR and blah big bank cash back but not sure what is beneficial.

Any one recently transferred money from India to us ... specific - hdfc India to BofA Usa ... no one in India to assist ... need to be done from here ... any tips please ... forex card just broke !

For need-based financial aid, do you have to submit your parents’ old tax returns from past? Or just yours for the past 3 yrs?

like

hi Sharks

Can anyone help me what will by my inhand salary for CTC 31.5 Lakh((No variable) fixed ctc and i have home loan and life insurance of more then 1.5 Lakh
Employwr contribution to PF is 9450 monthly and i think same goes from my contribution as well

like

More Posts

What is the maximum compensation a Big 4 associate can make?

like

Thought leadership at its finest.

Post Photo
funnylike

I haven’t bought anything from them yet (so not advocating) but a NYT article today (on boots) mentioned a company that made vegan leather and related goods for shoes, backpacks, wallets etc. called Nae.

like

M1 here, any thoughts on Harvards Business Analytics program? Pretty strong in data, visualization, BI but not statistical techniques

How much do art directors (mid level) make in Amsterdam?

like

Hoping for promo in about a year with ~30% raise. How long would I need to stay at the firm, after raise, to be able to get more money in a lateral move to another firm?

like

Hi Sharks, I don't have any friends in Tech Mahindra. Need to confirm one thing. I am holding offer from TechM and HR told whatever total variable pay we mention in offer letter, we pay the same on Monthly basis in salary.
Is it true?
Kindly confirm.
Also please let me know how's TechM for SAP functional consultant profile?

like

Looking for relocation opportunities.

like

I got offer from Nagarro 15lpa as a react developer 3yoe. Role - senior engineer

Will they match 18lpa offer that I got ?

like

Hiring multiple positions in Tech/Sales at Fintech GRIP.
Having worked at a startup is a plus.

Website
https://www.gripinvest.in/
Location - Flexible (WFH or Gurgaon office)
Perks -Permanent WFH

Interested folks DM or share your resume at prakruthi@gripinvest.in
The detailed JD can be shared later.

Mention notice period and Job role applied in your subject line

Post Photo
like

Jummah Mubarak Fam ☪️💚

like

Have you ever made a career move that you didn’t really want to make bc it wasn’t the right time but you knew it would advance your career and help you financially?

I have a great opportunity to really advance professionally and financially, but if I’m being honest, I don’t want it right now. What I’m doing works for my life right now and I enjoy where I’m at. But I also feel like I’d be nuts to pass up such a great opportunity.

like

Joined Infosys with 16.5 CTC including 2LPA as VP.
YOE 8
Skill SAP
Wanted to know is this ok or could have received more?

like

Who are your favorite testimonial-style directors who can work with a modest budget?

like
like

Midlevel M&A here and got my issues list pretty much completely rewritten - any tips on how to improve? Feeling dejected and like i’m not meant to be a corporate lawyer at the moment 🥲

like

What's the best way to find a mentor in the military? I want someone who inspires me that I can look up to

like

Does EY give original i140 approval notice to employees or just a copy ?

like

Which agencies should we stay away from?

like

Additional Posts in Big Law

My lady is a consultant and needs her team to turn the deck by EOD today so her and upper management can work this weekend on it. The young associate said, when is EOD bc technically the day has already ended (at 5pm).

😂😂😂 bless her little junior heart. As my old boss said, there are 24 hours in a day.

Sad truth …

funnylike

Took the afternoon off. Totally have stuff I could be working on but I’m too burnt out to care. Cooked a nice dinner for my husband and me (cooking is relaxing for me),and enjoyed a bottle of wine together… and just… talked. Hope you all can find moments like this too while doing this job.

likeuplifting

Hi all! Staff Attorney who was hired to do something very specific at a BL firm. My manager has been very restrictive in what I’m allowed to do for fear that it’ll get in the way of my speciality work, even though all the partners and associates love me and are always asking me to work on deals with them. Because it’s been slow my hours have been down and my manager is back tracking and saying that I can do whatever I want. What do I when it comes to review time?

like

I sometimes wonder what goes on under the skin of those "perfect, well-dressed, good-looking, high-performing, never-stressed" usually male attorneys. I get the impression that many are hiding things.

like

How is V&E Houston?

like

New to insurance defense: does “insurance carrier” and “insurance adjuster” and even “carrier” all refer to the same entity that covers a defendant’s/insured’s liabilities up to a certain policy limit? Lol alot there, thanks!

like

The law profession has a big problem.

Long ago, law firms had only attorneys, no partners and associates. A newly qualified attorney was a partner like everyone else.

Then, some clever minds understood they could make money by having attorneys work as "associates" for some years before joining the partnership.

Little by little, they have pulled the ladder up behind themselves, with more and more associates per partner and an ever longer road to partnership.

What used to be a free and

like

Wondering about potential exit/in-house opportunities for different practice groups. I’m currently in big law and choosing between general corporate deal work (M&A/PE) and tech transactions. Do either of these give better in-house (or other) opportunities later on?

like

Based in Chicago, junior associate looking to transition back to public health or health policy job. Would be happy going to govt or non-profit (or a private org doing that type of work). Have been applying to everything I can find but no traction yet. Anyone have any leads?

like

Assuming a firm does not match or rematch the DPW rates. Does this strongly influence candidates preferences to work for a particular firm or when comparing two job offers? In a candidate driven market, curious whether the salary wars have much of a bearing!

like

thoughts on clerking at the DE Chancery Court for an M&A associate?

like

I need 80 hours by the end of the month. I’m praying at the alter of the named partners.

likefunnyuplifting

Anyone ever have success in negotiating for lower hours during a lateral move?

like

Just me or is M&A picking up (in August of all months…) 😭

like

Did you ever had this feeling of not fitting in? People (including non-legal staff) in my team just ignore me. I know I made some mistakes, but resenting a trainee for that reason seems unfair. Just went to farewell drinks of an associate and only two persons out of 14 actively engaged conversation with me. With the rest I had this feeling of forcing everything and of being the awkward one. People were referring to funny stories on cases we’re working on and that I never heard about.

likefunny

What is Simpson m&a known for? Anyone have intel in work-culture?

like

Law schools in Toronto - I am currently working as a Senior Auditor at EY & finished my CPA modules in less than 12 months & successfully passed CFE, September 2021 (Fasttrack) while working full time. I am really interested in getting into a top law school here in Toronto but unfortunately I had a low CGPA (3.15) from undergrad due to some unfortunate incident, mostly impacted my grades. I strongly feel i can score 170+ on LSAT; question DO I EVEN STAND A CHANCE TO GET INTO ANY LAW SCHOOL

like

0 billable hours this week. I’m a recent corporate lateral (2 months) and have reached out to the work coordinator and other partners/counsel but still nothing - should I be concerned?

like