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Dude from college is a Managing Director at Goldman, bought a $800k house.

His salary + bonus at Goldman must be north of $500k, right?...
Out-of-control Chapel
  05/29/18
Serious qq. I thought this type of striver ended up buying l...
Out-of-control Chapel
  05/29/18
Neither Montclair nor Maplewood are suburban hellholes. They...
cream dashing theater
  05/29/18
Also they're ~30-40 minutes from the city, not an hour
Heady self-absorbed death wish
  05/29/18
Good luck keeping your actual door-to-desk commuter less tha...
bronze overrated den persian
  05/29/18
If you work around penn station should be doable. Jersey cit...
Heady self-absorbed death wish
  05/29/18
Did you just compare commute to MFH from Montclair and from ...
bronze overrated den persian
  05/29/18
Especially retarded given that she lives 30 feet from the Ho...
Out-of-control Chapel
  05/29/18
no I compared montlcair - > mfh with montclair - ...
Heady self-absorbed death wish
  05/29/18
yeah if you live a 2 hour walk from a subway station it's co...
Out-of-control Chapel
  05/30/18
Shut the fuck up you stupid cunt. Here are the directions by...
Out-of-control Chapel
  05/29/18
what sort of a crazy dumbass would DRIVE to mfh from maplewo...
Heady self-absorbed death wish
  05/29/18
Those are the train directions to Goldman Sachs you drooling...
Out-of-control Chapel
  05/30/18
Why are you going to battery park city? Maplewood is for mid...
Heady self-absorbed death wish
  05/30/18
you are so fucking stupid it hurts. read the OP again you r...
Out-of-control Chapel
  05/30/18
jfc
Out-of-control Chapel
  05/30/18
LOLJJC
talented harsh quadroon
  05/29/18
...
motley drunken famous landscape painting
  05/29/18
Just seems uncharacteristic for this sort of aa JJC-like Ind...
Out-of-control Chapel
  05/29/18
...
Wonderful Cyan Psychic Love Of Her Life
  05/30/18
...
razzle tan personal credit line
  05/30/18
perhaps he has other hobbies he'd rather fund
Pontificating trust fund
  05/29/18
He's got a wife and kid. And is a wagecuck at Goldman. Lol a...
Out-of-control Chapel
  05/29/18
maybe funding his savings and investment are his hobbies. Th...
Heady self-absorbed death wish
  05/29/18
(Bitch who lives next to Holland Gardens housing projects)
Out-of-control Chapel
  05/29/18
Peace of mind.
hilarious depressive
  05/29/18
Renovating or rebuilding on a nice lot? Getting ready to jum...
Blue sneaky criminal point
  05/29/18
The lot is tiny by suburban standards. Maybe 35×150 fe...
Out-of-control Chapel
  05/29/18
say more about what he does? compliance and the special situ...
swashbuckling jewess
  05/29/18
How much do they make in the research division?
Out-of-control Chapel
  05/29/18
Depends. Still in the 400k-500k region probably.
cream dashing theater
  05/29/18
Significantly lower than banking and trading
swashbuckling jewess
  05/29/18
trading is dying bro. ibd > research though for bonus...
canary mind-boggling hall dragon
  05/30/18
research is dying even faster lol
swashbuckling jewess
  05/30/18
However much his overlords reward him for following orders a...
Slate international law enforcement agency
  05/30/18
Always have to stop and LOL whenever I see ‘special situatio...
Electric Knife Kitty
  05/29/18
Why
swashbuckling jewess
  05/29/18
holymoly O| banana points 38 Sorry to disappoint but I've ...
Frozen stage
  05/30/18
500k isn't much in NJ
citrine impertinent queen of the night crotch
  05/29/18
(poa
tripping twinkling uncleanness
  05/29/18
In a back office function an MD can make under $300k. I'm an...
Hideous translucent hairy legs
  05/29/18
"Alpha children wear grey. They work much harder than w...
razzle-dazzle cumskin pisswyrm
  05/29/18
Jordan Peterson has a more 180 take on this. He says all the...
Hideous translucent hairy legs
  05/29/18
...
razzle-dazzle cumskin pisswyrm
  05/29/18
Why do this job if it sucks and no one respects you for it? ...
bronze overrated den persian
  05/29/18
Because the money is better than shitlaw. Who the fuck is ma...
Hideous translucent hairy legs
  05/29/18
Probably 75% of shitlawyers.
bronze overrated den persian
  05/29/18
Weird schtick.
fuchsia nubile lodge
  05/30/18
Russians have a natural affinity for a boot on their necks
Umber preventive strike library
  05/30/18
...
charismatic gas station
  05/30/18
...
Curious nighttime macaca
  05/30/18
All my finance bros talk about back-office people like they'...
bronze overrated den persian
  05/29/18
And all of them would gladly take my job if offered. Front o...
Hideous translucent hairy legs
  05/29/18
No. All my finance bros have either moved on from finance or...
bronze overrated den persian
  05/29/18
I work with a lot of PE guys. Our bank is liquidating its PE...
Hideous translucent hairy legs
  05/29/18
... I mean NOT at big banks. You have to be retarded to ...
bronze overrated den persian
  05/29/18
except most people in IB only make money by using their bank...
cream dashing theater
  06/03/18
Pe is killing it everywhere else. who cares who u talk to. u...
canary mind-boggling hall dragon
  05/30/18
AHAHAHAHAHA no back office politics is even worse than fr...
canary mind-boggling hall dragon
  05/30/18
I'd probably amputate several fingers instead of switching j...
swashbuckling jewess
  05/30/18
Can confirm this is true.
swashbuckling jewess
  05/30/18
In a couple of years he will escape from this shit job and e...
Aggressive heaven
  05/29/18
800k in that area can get you a pretty good house. Maybe he ...
Heady self-absorbed death wish
  05/29/18
Lmao, all that striving to live in New Jersey
Boyish territorial milk
  05/29/18
Crrrrrrr
Out-of-control Chapel
  05/29/18
Maybe he doesn't want to be enslaved to a 30 year mortgage.
Twinkling thriller theatre blood rage
  05/29/18
LOL @ the $25k a yr in property taxes he'll be paying. Fucki...
Rose Supple Codepig Police Squad
  05/30/18
If he can send his kids to the public schools that sounds re...
seedy jew bbw
  05/30/18
What is the alternative? Avoid NJ entirely?
Twinkling thriller theatre blood rage
  05/30/18
People bitching about NJ property taxes ignore that NYC has ...
fuchsia nubile lodge
  05/30/18
He's a MD in what? MD in operations for example doesn't m...
canary mind-boggling hall dragon
  05/30/18
He probably bought it cash
sadistic provocative range candlestick maker
  05/30/18
I wouldn't assume that. Not all MDs are filthy rich.
fuchsia nubile lodge
  06/01/18
is OP jjc?
canary mind-boggling hall dragon
  05/30/18
yeah
hyperventilating odious sex offender orchestra pit
  05/30/18
a friend of mine is a v5 partner and he owns an 850k house i...
cobalt hot nursing home turdskin
  05/30/18
Does he really own it, or does the bank own it?
Rose Supple Codepig Police Squad
  05/30/18
i'd say there's a good chance he owns it now if it makes fis...
cobalt hot nursing home turdskin
  05/30/18
That's a bit ridiculous esp if in NYC metro
Buff elite athletic conference shrine
  05/30/18
I’ve seen a couple of 40-50ish partners who stayed in the fi...
sticky cuck french chef
  05/30/18
why? he bought the house almost 10 years ago.
cobalt hot nursing home turdskin
  05/30/18
oh that's not so bad. with a family and assuming a reason...
Buff elite athletic conference shrine
  05/30/18
he hasn't upgraded yet. not sure why he'd need to, it's a n...
cobalt hot nursing home turdskin
  05/30/18
in this part of the country i'd rather just have a pool and ...
Buff elite athletic conference shrine
  05/30/18
outside NYC most nice places will have town pools. backyard...
cobalt hot nursing home turdskin
  05/30/18
See below. Not really. I mean, you can spend any amount of...
fuchsia nubile lodge
  05/30/18
LOL at the outrage that someone doesn't spend $1+ million on...
fuchsia nubile lodge
  05/30/18
LOL @ houses going for listing price in those towns. the ...
Out-of-control Chapel
  05/30/18
The $800k ones give you $50k to bid above asking and hit $85...
fuchsia nubile lodge
  05/30/18
Yes, you are wrong. the dude's house is about 25% smaller...
Out-of-control Chapel
  05/30/18
Ok, so let's look at recently sold listings instead of for s...
fuchsia nubile lodge
  05/30/18
*shrug* might have to do with distance from the train st...
Out-of-control Chapel
  05/31/18
Maybe, though if I start zooming in on the train stations I ...
fuchsia nubile lodge
  05/31/18
Dude I knew from college got shot in the throat by a sniper ...
demanding vermilion halford
  05/30/18
was he ok?
Out-of-control Chapel
  05/30/18
tbf sounds like he deserved it
razzle tan personal credit line
  05/30/18


Poast new message in this thread



Reply Favorite

Date: May 29th, 2018 4:34 PM
Author: Out-of-control Chapel

His salary + bonus at Goldman must be north of $500k, right? Why would him and his wife buy a cheap shitty 80-year old suburban house in Montclair or Maplewood or whatever suburban NJ hellhole with a 1 hour commute to work?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146645)



Reply Favorite

Date: May 29th, 2018 4:37 PM
Author: Out-of-control Chapel

Serious qq. I thought this type of striver ended up buying like a $1.5M house in Brooklyn or an UWS co op or something

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146657)



Reply Favorite

Date: May 29th, 2018 8:41 PM
Author: cream dashing theater

Neither Montclair nor Maplewood are suburban hellholes. They're nice without being Greenwich level pomposity (much more affordable too) so your kids can go to public school, actually interact with high IQ stock kids in addition to middle class kids to give them a sense of reality. Only issue is that they're both now full of anti-TRUMP Demtards

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148097)



Reply Favorite

Date: May 29th, 2018 8:53 PM
Author: Heady self-absorbed death wish

Also they're ~30-40 minutes from the city, not an hour

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148193)



Reply Favorite

Date: May 29th, 2018 8:54 PM
Author: bronze overrated den persian

Good luck keeping your actual door-to-desk commuter less than 1 hour.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148207)



Reply Favorite

Date: May 29th, 2018 8:56 PM
Author: Heady self-absorbed death wish

If you work around penn station should be doable. Jersey city as well, come to that.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148213)



Reply Favorite

Date: May 29th, 2018 8:58 PM
Author: bronze overrated den persian

Did you just compare commute to MFH from Montclair and from Jersey City?

JFC

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148229)



Reply Favorite

Date: May 29th, 2018 9:32 PM
Author: Out-of-control Chapel

Especially retarded given that she lives 30 feet from the Holland Tunnel highway.

But PATH is 10 mins into Manhattan and comes every 4 minutes, while NJTransit is 50 mins to Penn and comes at irregular intervals averaging every 25 minutes at peak hour, not comparable at all

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148438)



Reply Favorite

Date: May 29th, 2018 10:52 PM
Author: Heady self-absorbed death wish

no I compared

montlcair - > mfh with

montclair - > jersey city

Although it's not that crazy to compare jersey city with maplewood/montclair either. A lot depends on whether you are right on the train station of need to walk an extra 15 minutes.



(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36149228)



Reply Favorite

Date: May 30th, 2018 10:42 PM
Author: Out-of-control Chapel

yeah if you live a 2 hour walk from a subway station it's comparable to kayaking down the hudson from poughkeepsie

please stop shitting up this thread with your nonsensical garbage

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156186)



Reply Favorite

Date: May 29th, 2018 9:28 PM
Author: Out-of-control Chapel

Shut the fuck up you stupid cunt. Here are the directions by train

Shared route

From 200 West Street to Maplewood, departs from Brookfield Place / Battery Park City.

1 hr 6 min

https://goo.gl/maps/hfm2J6vJGGk

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148413)



Reply Favorite

Date: May 29th, 2018 10:54 PM
Author: Heady self-absorbed death wish

what sort of a crazy dumbass would DRIVE to mfh from maplewood? You take the train and play on your phone like a normal person.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36149235)



Reply Favorite

Date: May 30th, 2018 8:57 AM
Author: Out-of-control Chapel

Those are the train directions to Goldman Sachs you drooling imbecile

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150558)



Reply Favorite

Date: May 30th, 2018 3:01 PM
Author: Heady self-absorbed death wish

Why are you going to battery park city? Maplewood is for midtown penn station. Otherwise you live in brooklyn.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152932)



Reply Favorite

Date: May 30th, 2018 10:42 PM
Author: Out-of-control Chapel

you are so fucking stupid it hurts. read the OP again you retarded ape. are you completely incapable of putting 2 and 2 together? you have the attention span of a pigeon

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156175)



Reply Favorite

Date: May 30th, 2018 10:55 PM
Author: Out-of-control Chapel

jfc

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156268)



Reply Favorite

Date: May 29th, 2018 4:35 PM
Author: talented harsh quadroon

LOLJJC

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146649)



Reply Favorite

Date: May 29th, 2018 4:36 PM
Author: motley drunken famous landscape painting



(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146652)



Reply Favorite

Date: May 29th, 2018 4:38 PM
Author: Out-of-control Chapel

Just seems uncharacteristic for this sort of aa JJC-like Indian striver not to conspicuously flaunt wealth by buying a flashier house or at least a place in MFH or Brooklyn

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146664)



Reply Favorite

Date: May 30th, 2018 2:20 PM
Author: Wonderful Cyan Psychic Love Of Her Life



(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152575)



Reply Favorite

Date: May 30th, 2018 11:56 PM
Author: razzle tan personal credit line



(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156666)



Reply Favorite

Date: May 29th, 2018 4:38 PM
Author: Pontificating trust fund

perhaps he has other hobbies he'd rather fund

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146659)



Reply Favorite

Date: May 29th, 2018 4:39 PM
Author: Out-of-control Chapel

He's got a wife and kid. And is a wagecuck at Goldman. Lol at 'hobbies'

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146668)



Reply Favorite

Date: May 29th, 2018 8:54 PM
Author: Heady self-absorbed death wish

maybe funding his savings and investment are his hobbies. Those would be good hobbies for him to have.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148208)



Reply Favorite

Date: May 29th, 2018 9:33 PM
Author: Out-of-control Chapel

(Bitch who lives next to Holland Gardens housing projects)

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148444)



Reply Favorite

Date: May 29th, 2018 4:39 PM
Author: hilarious depressive

Peace of mind.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146672)



Reply Favorite

Date: May 29th, 2018 4:41 PM
Author: Blue sneaky criminal point

Renovating or rebuilding on a nice lot? Getting ready to jump off the GC carousel?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146683)



Reply Favorite

Date: May 29th, 2018 7:58 PM
Author: Out-of-control Chapel

The lot is tiny by suburban standards. Maybe 35×150 feet? or 0.1 acres? Like. A 1700 sq ft house

House looked decently renovated when they bought it. Probably not allowed to tear it down in that town.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147789)



Reply Favorite

Date: May 29th, 2018 4:43 PM
Author: swashbuckling jewess

say more about what he does? compliance and the special situations group both have managing directors. doesn't mean they're compensated similarly

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36146694)



Reply Favorite

Date: May 29th, 2018 7:58 PM
Author: Out-of-control Chapel

How much do they make in the research division?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147791)



Reply Favorite

Date: May 29th, 2018 8:21 PM
Author: cream dashing theater

Depends. Still in the 400k-500k region probably.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147924)



Reply Favorite

Date: May 29th, 2018 11:19 PM
Author: swashbuckling jewess

Significantly lower than banking and trading

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36149383)



Reply Favorite

Date: May 30th, 2018 11:47 AM
Author: canary mind-boggling hall dragon

trading is dying bro.

ibd > research though for bonuses and hours worked

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36151590)



Reply Favorite

Date: May 30th, 2018 12:35 PM
Author: swashbuckling jewess

research is dying even faster lol

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36151924)



Reply Favorite

Date: May 30th, 2018 11:50 AM
Author: Slate international law enforcement agency

However much his overlords reward him for following orders and publishing what they need to win banking deals.



(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36151618)



Reply Favorite

Date: May 29th, 2018 8:26 PM
Author: Electric Knife Kitty

Always have to stop and LOL whenever I see ‘special situations group’

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147965)



Reply Favorite

Date: May 29th, 2018 11:15 PM
Author: swashbuckling jewess

Why

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36149348)



Reply Favorite

Date: May 30th, 2018 1:56 PM
Author: Frozen stage

holymoly O| banana points 38

Sorry to disappoint but I've heard it's almost impossible to get into GS SSG. Much tougher than any IBD group (including GS TMT). You have to realize that this is essentially a buy-side exit-opp for top IBD analysts and HBS grads, so assuming you're an undergrad, this is going to be an uphill climb. Unless your resume is really impressive (I mean really impressive - summa cum laude status), it's probably not even worth trying to network in. Ken Moeslis's son is an example of the kind of kid who manage to land a job there out of college. Good luck

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152435)



Reply Favorite

Date: May 29th, 2018 7:59 PM
Author: citrine impertinent queen of the night crotch

500k isn't much in NJ

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147795)



Reply Favorite

Date: May 29th, 2018 8:26 PM
Author: tripping twinkling uncleanness

(poa

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147963)



Reply Favorite

Date: May 29th, 2018 8:05 PM
Author: Hideous translucent hairy legs

In a back office function an MD can make under $300k. I'm an MD. My base is $275k. We dont all make a million a year. I wouldnt really want to trade places with the dudes who make more. Their lives are a lot more hellish than mine and my job is pretty fucking terrible as is.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147818)



Reply Favorite

Date: May 29th, 2018 8:08 PM
Author: razzle-dazzle cumskin pisswyrm

"Alpha children wear grey. They work much harder than we do, because they're so frightfully clever. I'm really awfuly glad I'm a Beta, because I don't work so hard. And then we are much better than the Gammas and Deltas. Gammas are stupid. They all wear green, and Delta children wear khaki. Oh no, I don't want to play with Delta children. And Epsilons are still worse. They're too stupid to be able …"

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147832)



Reply Favorite

Date: May 29th, 2018 8:13 PM
Author: Hideous translucent hairy legs

Jordan Peterson has a more 180 take on this. He says all the dudes who take MD level positions are basically sociopaths. He's right. Even in the backoffice its political and god fucking awful. Half the job is reporting metrics up to the steering committee just to justify your existence and that of your directs. VPs and shit have no idea how much their MD does just to keep them employed. The number of people out to gut your budget and to take your work and move it to their team is nuts. You are constantly out there trying to steal other people's functions too. And you have audits basically 3 times a year in any operations, back office or middle office function. You are basically constantly under some kind of review. This is true at every bank. It makes everyone your enemy.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147855)



Reply Favorite

Date: May 29th, 2018 8:27 PM
Author: razzle-dazzle cumskin pisswyrm



(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147975)



Reply Favorite

Date: May 29th, 2018 8:28 PM
Author: bronze overrated den persian

Why do this job if it sucks and no one respects you for it? Why not just become shitlaw king?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147981)



Reply Favorite

Date: May 29th, 2018 8:32 PM
Author: Hideous translucent hairy legs

Because the money is better than shitlaw. Who the fuck is making over 300k in shitlaw?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148016)



Reply Favorite

Date: May 29th, 2018 8:42 PM
Author: bronze overrated den persian

Probably 75% of shitlawyers.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148104)



Reply Favorite

Date: May 30th, 2018 11:44 PM
Author: fuchsia nubile lodge

Weird schtick.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156586)



Reply Favorite

Date: May 30th, 2018 7:39 AM
Author: Umber preventive strike library

Russians have a natural affinity for a boot on their necks

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150375)



Reply Favorite

Date: May 30th, 2018 9:20 AM
Author: charismatic gas station



(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150606)



Reply Favorite

Date: May 30th, 2018 7:18 AM
Author: Curious nighttime macaca



(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150355)



Reply Favorite

Date: May 29th, 2018 8:24 PM
Author: bronze overrated den persian

All my finance bros talk about back-office people like they're subhumans that no one has even the slightest bit of respect for.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147944)



Reply Favorite

Date: May 29th, 2018 8:29 PM
Author: Hideous translucent hairy legs

And all of them would gladly take my job if offered. Front office is great in your 20s. After 30 and that first couple million LJL at still wanting to do that shit.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36147992)



Reply Favorite

Date: May 29th, 2018 8:31 PM
Author: bronze overrated den persian

No. All my finance bros have either moved on from finance or moved into more chill fratty finance like PE.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148006)



Reply Favorite

Date: May 29th, 2018 8:34 PM
Author: Hideous translucent hairy legs

I work with a lot of PE guys. Our bank is liquidating its PE business. They are all getting fired at the end of this year and they know it. They received a huge amount of money to not quit and to stay through the roll up phase. You can pretty easily guess where I work now as only 1 mega bank is getting out of PE.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148041)



Reply Favorite

Date: May 29th, 2018 8:35 PM
Author: bronze overrated den persian

... I mean NOT at big banks.

You have to be retarded to stay at a big bank.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148046)



Reply Favorite

Date: June 3rd, 2018 8:38 PM
Author: cream dashing theater

except most people in IB only make money by using their bank's balance sheet to give companies cheap loans in exchange for doing their next bond or equity offering or m&a deal. you have to be a ken moelis type personality/high IQ appearance to convince companies to hire you for your 'quality of advice'

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36178020)



Reply Favorite

Date: May 30th, 2018 11:49 AM
Author: canary mind-boggling hall dragon

Pe is killing it everywhere else. who cares who u talk to. ur still a sad under paid cockroach.

not even a 1st year ibanking analyst would switch with u.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36151607)



Reply Favorite

Date: May 30th, 2018 11:48 AM
Author: canary mind-boggling hall dragon

AHAHAHAHAHA no

back office politics is even worse than front office culture.

at least front office you get satisfaction from doing what the bank exists to do.

back office? you're just a cockroach trying to eat other cockroaches because there's a mere $300k in costs to sustain you losers.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36151602)



Reply Favorite

Date: May 30th, 2018 1:44 PM
Author: swashbuckling jewess

I'd probably amputate several fingers instead of switching jobs with you. I doubt many on my floor feel differently

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152340)



Reply Favorite

Date: May 30th, 2018 1:43 PM
Author: swashbuckling jewess

Can confirm this is true.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152334)



Reply Favorite

Date: May 29th, 2018 8:43 PM
Author: Aggressive heaven

In a couple of years he will escape from this shit job and enjoy life. That beats killing yourself for another few years for a “flashy” house every time. I thought this obvious truth had become common wisdom on xo by now?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148117)



Reply Favorite

Date: May 29th, 2018 8:54 PM
Author: Heady self-absorbed death wish

800k in that area can get you a pretty good house. Maybe he just doenst need more.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148201)



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Date: May 29th, 2018 8:58 PM
Author: Boyish territorial milk

Lmao, all that striving to live in New Jersey

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148227)



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Date: May 29th, 2018 9:33 PM
Author: Out-of-control Chapel

Crrrrrrr

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36148445)



Reply Favorite

Date: May 29th, 2018 10:57 PM
Author: Twinkling thriller theatre blood rage

Maybe he doesn't want to be enslaved to a 30 year mortgage.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36149248)



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Date: May 30th, 2018 2:55 AM
Author: Rose Supple Codepig Police Squad

LOL @ the $25k a yr in property taxes he'll be paying. Fucking $250k spent on freaking PROPERTY TAXES over a 10 year period.

Awful investment, but if he likes it, I love it!

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150120)



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Date: May 30th, 2018 7:24 AM
Author: seedy jew bbw

If he can send his kids to the public schools that sounds reasonable.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150360)



Reply Favorite

Date: May 30th, 2018 7:40 AM
Author: Twinkling thriller theatre blood rage

What is the alternative? Avoid NJ entirely?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150379)



Reply Favorite

Date: May 30th, 2018 11:16 PM
Author: fuchsia nubile lodge

People bitching about NJ property taxes ignore that NYC has city income tax which will cost a high earner more (and you STILL pay property taxes, just less) and LI and Westchester also have high property taxes. Not that it doesn't all suck.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156382)



Reply Favorite

Date: May 30th, 2018 7:43 AM
Author: canary mind-boggling hall dragon

He's a MD in what?

MD in operations for example doesn't mean shit.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150385)



Reply Favorite

Date: May 30th, 2018 9:16 AM
Author: sadistic provocative range candlestick maker

He probably bought it cash

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36150599)



Reply Favorite

Date: June 1st, 2018 12:34 PM
Author: fuchsia nubile lodge

I wouldn't assume that. Not all MDs are filthy rich.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36165320)



Reply Favorite

Date: May 30th, 2018 11:50 AM
Author: canary mind-boggling hall dragon

is OP jjc?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36151614)



Reply Favorite

Date: May 30th, 2018 1:00 PM
Author: hyperventilating odious sex offender orchestra pit

yeah

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152059)



Reply Favorite

Date: May 30th, 2018 12:58 PM
Author: cobalt hot nursing home turdskin

a friend of mine is a v5 partner and he owns an 850k house in a nice town.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152043)



Reply Favorite

Date: May 30th, 2018 2:03 PM
Author: Rose Supple Codepig Police Squad

Does he really own it, or does the bank own it?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152471)



Reply Favorite

Date: May 30th, 2018 2:05 PM
Author: cobalt hot nursing home turdskin

i'd say there's a good chance he owns it now if it makes fiscal sense

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152483)



Reply Favorite

Date: May 30th, 2018 2:05 PM
Author: Buff elite athletic conference shrine

That's a bit ridiculous esp if in NYC metro

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152480)



Reply Favorite

Date: May 30th, 2018 2:24 PM
Author: sticky cuck french chef

I’ve seen a couple of 40-50ish partners who stayed in the first home they bought and stacked cash. Commutes are worse then if they lived closer, but they can work remotely. They have SAHWs tho.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152611)



Reply Favorite

Date: May 30th, 2018 2:26 PM
Author: cobalt hot nursing home turdskin

why? he bought the house almost 10 years ago.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152624)



Reply Favorite

Date: May 30th, 2018 2:30 PM
Author: Buff elite athletic conference shrine

oh that's not so bad.

with a family and assuming a reasonable commute time that's gonna be a pretty small house though. i'm assuming he's gonna upgrade.

i have a friend who made v5 partner and he was in a $750k house but upgraded to ~$2-2.5M

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152656)



Reply Favorite

Date: May 30th, 2018 3:06 PM
Author: cobalt hot nursing home turdskin

he hasn't upgraded yet. not sure why he'd need to, it's a nice place.

upgrade money would be better spent on a summer house.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152986)



Reply Favorite

Date: May 30th, 2018 3:07 PM
Author: Buff elite athletic conference shrine

in this part of the country i'd rather just have a pool and then get a ski house for the winter

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36152996)



Reply Favorite

Date: May 30th, 2018 3:11 PM
Author: cobalt hot nursing home turdskin

outside NYC most nice places will have town pools. backyard pools are trashy.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36153021)



Reply Favorite

Date: May 30th, 2018 11:27 PM
Author: fuchsia nubile lodge

See below. Not really. I mean, you can spend any amount of money in the NYC-metro but let's not act like spending anything less than 7 figures is just insane.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156461)



Reply Favorite

Date: May 30th, 2018 11:24 PM
Author: fuchsia nubile lodge

LOL at the outrage that someone doesn't spend $1+ million on a house and "only" makes due with an $850k house. JFC. 2 seconds on zillow shows that it is perfectly fine for those neighborhoods.

https://www.zillow.com/homedetails/64-Kendal-Ave-Maplewood-NJ-07040/52633472_zpid/?fullpage=true

https://www.zillow.com/homedetails/5-Tower-Dr-Maplewood-NJ-07040/52632173_zpid/?fullpage=true

https://www.zillow.com/homedetails/280-Highland-Ave-Montclair-NJ-07043/38680816_zpid/?fullpage=true

https://www.zillow.com/homedetails/76-Club-Rd-Montclair-NJ-07043/38686922_zpid/?fullpage=true

This was a 2-second search and I didn't look for good deals or anything. And the guy in the OP probably bought when these houses were cheaper.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156445)



Reply Favorite

Date: May 30th, 2018 11:29 PM
Author: Out-of-control Chapel

LOL @ houses going for listing price in those towns.

the guy in the OP paid about $130k-$140k over ask

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156481)



Reply Favorite

Date: May 30th, 2018 11:32 PM
Author: fuchsia nubile lodge

The $800k ones give you $50k to bid above asking and hit $850k. $150k over at $850k (so paying $850k for $700k list) sounds like he got into a stupid bidding war unless they really underpriced the house. I get that houses in the area tend to go over asking but $150k over asking isn't that common. And again, prices have skyrocketed in the last few years. So I expect he got something substantially similar to the houses I posted. Am I wrong?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156513)



Reply Favorite

Date: May 30th, 2018 11:46 PM
Author: Out-of-control Chapel

Yes, you are wrong.

the dude's house is about 25% smaller in floor area than the one in your first link, about half the lot area. bought about a year ago.

"sounds like he got into a stupid bidding war "

welcome to today's market in the towns everyone is moving to brooklyn from. my brother is a lender in hudson county. here's how the market works in jersey city these days:

day 0: they put a house on the market in jersey city

day 2-4: open house. the get about 5 competing offers unless the house has some toxic fatal flaw (e.g. gut-worthy, next to a sewage treatment plant/highway, 20 min walk from PATH, only 1 bathroom, etc).

day 5: they tell everyone to "submit your best and final offer by tomorrow at noon"

day 6: best and final offer comes in, substantially over asking.

my brother recently closed a loan for house in JC for $550k that was listed at $450k and appraised at $440k. another was listed at $575k and sold for $650k. appraised at $615k. two identical rowhouses in jersey city--one sold for $875k in March, the other sold for $935k in August after TWO DAYS on market.

sellers won't even accept your offer in these markets these days unless you waive the appraisal contingency because everyone expects the houses to appraise below bid.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156603)



Reply Favorite

Date: May 30th, 2018 11:56 PM
Author: fuchsia nubile lodge

Ok, so let's look at recently sold listings instead of for sale listings:

https://www.zillow.com/homedetails/60-Headley-Pl-Maplewood-NJ-07040/52633408_zpid/

https://www.zillow.com/homes/recently_sold/Maplewood-NJ/52632219_zpid/ (no idea what's up with this one, that's an absurdly good value)

https://www.zillow.com/homedetails/51-Beverly-Rd-Montclair-NJ-07043/38688870_zpid/?fullpage=true

https://www.zillow.com/homedetails/48-Ardsley-Rd-Montclair-NJ-07042/38688361_zpid/

The market is nuts but sounds like the guy didn't get a good deal. Jersey City is totally insane but the suburbs are seeing steadier growth rather than this explosion that is seeing shit in the Heights and Journal Square getting bid up. Hoboken and DTJC are totally nuts too, but that's expected.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156658)



Reply Favorite

Date: May 31st, 2018 12:16 AM
Author: Out-of-control Chapel

*shrug*

might have to do with distance from the train station or something?...or maybe he *is* an idiot, sort of validating the premise of the OP, which was questioning his life choices.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156743)



Reply Favorite

Date: May 31st, 2018 12:20 AM
Author: fuchsia nubile lodge

Maybe, though if I start zooming in on the train stations I get the same sort of analysis - a bunch of decent houses in that price range. The point I'm trying to make is that he didn't underspend or pick stupid areas, he probably just caught up in a stupid bidding war.

Or maybe he just loves that house for whatever reason in which case whatever, he is fine.

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156758)



Reply Favorite

Date: May 30th, 2018 11:47 PM
Author: demanding vermilion halford

Dude I knew from college got shot in the throat by a sniper in Iraq and bled out in a Humvee. Funny the paths life can take you down

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156611)



Reply Favorite

Date: May 30th, 2018 11:48 PM
Author: Out-of-control Chapel

was he ok?

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156625)



Reply Favorite

Date: May 30th, 2018 11:57 PM
Author: razzle tan personal credit line

tbf sounds like he deserved it

(http://www.autoadmit.com/thread.php?thread_id=3989053&forum_id=2#36156670)