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Could an investment banker afford this house? |
http://www.globalhouseplans.com/plan_det... So what and who cares. Probably. Depends on the investment bankers income and net worth. some could and some cannot. Investment Bankers are just like regular people in that it is an emotional time for both. Golden rule in real estate is you can look at any property and dream big but always look at what you can actually afford. That way your dream stays a dream reality and not become a nightmare. |
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There are a lot of idiotic responses so far... Basically you can either invest in real estate (or land) and play landlord, or invest in paper assets... In paper assets, there is a bewildering array... You either are an investment banker or you aren't. If you fail you find another job just like anything else. The hardest part is getting into the job. The rest is just busy work and a lot of i... I own the Gabelli asset fund (GABAX). It has more than doubled in the past 4 years. It has averaged 14.35% per year since 1986. I like this fund because it has high returns with a low beta. I... Quite frankly, given the tough situation with housing, I would favor any cabin style home which would be cozy and affordable. It's possible that a piece of land with a small cabin on it c... It is also an investment like any other investments with insurance link. This investment comes under sec.80C. The maximum tax deduction u/s 80C is limited to 1 lakh per year. If you wish, you can s... With a Ph D in economics, I do not have to explain that India and China are running circles around the U S economy. There are some good vehicles to allow you to invest in their economies. IIF ... You will probably have to wait for 12 months from that dimissal of your debt. to get proper financing. You will need a credit score of at least 580 to get a loan ...Wait until you retire....BTW your rate is awfully low. There are many banks now that offer +5% APY on just Savings accounts. (e.g. E*trade) After you retire you should talk to a financial Advisor... |
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