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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?...
Cowardly lascivious gaming laptop
  05/29/18
Serious qq. I thought this type of striver ended up buying l...
Cowardly lascivious gaming laptop
  05/29/18
Neither Montclair nor Maplewood are suburban hellholes. They...
Soul-stirring Glassy Ladyboy
  05/29/18
Also they're ~30-40 minutes from the city, not an hour
Cracking primrose range
  05/29/18
Good luck keeping your actual door-to-desk commuter less tha...
walnut exciting goyim cruise ship
  05/29/18
If you work around penn station should be doable. Jersey cit...
Cracking primrose range
  05/29/18
Did you just compare commute to MFH from Montclair and from ...
walnut exciting goyim cruise ship
  05/29/18
Especially retarded given that she lives 30 feet from the Ho...
Cowardly lascivious gaming laptop
  05/29/18
no I compared montlcair - > mfh with montclair - ...
Cracking primrose range
  05/29/18
yeah if you live a 2 hour walk from a subway station it's co...
Cowardly lascivious gaming laptop
  05/30/18
Shut the fuck up you stupid cunt. Here are the directions by...
Cowardly lascivious gaming laptop
  05/29/18
what sort of a crazy dumbass would DRIVE to mfh from maplewo...
Cracking primrose range
  05/29/18
Those are the train directions to Goldman Sachs you drooling...
Cowardly lascivious gaming laptop
  05/30/18
Why are you going to battery park city? Maplewood is for mid...
Cracking primrose range
  05/30/18
you are so fucking stupid it hurts. read the OP again you r...
Cowardly lascivious gaming laptop
  05/30/18
jfc
Cowardly lascivious gaming laptop
  05/30/18
LOLJJC
Stimulating theatre
  05/29/18
...
apoplectic box office
  05/29/18
Just seems uncharacteristic for this sort of aa JJC-like Ind...
Cowardly lascivious gaming laptop
  05/29/18
...
nighttime harsh personal credit line
  05/30/18
...
Fragrant opaque step-uncle's house
  05/30/18
perhaps he has other hobbies he'd rather fund
Submissive hairy legs rigpig
  05/29/18
He's got a wife and kid. And is a wagecuck at Goldman. Lol a...
Cowardly lascivious gaming laptop
  05/29/18
maybe funding his savings and investment are his hobbies. Th...
Cracking primrose range
  05/29/18
(Bitch who lives next to Holland Gardens housing projects)
Cowardly lascivious gaming laptop
  05/29/18
Peace of mind.
Flickering Quadroon Locale
  05/29/18
Renovating or rebuilding on a nice lot? Getting ready to jum...
Thriller federal selfie
  05/29/18
The lot is tiny by suburban standards. Maybe 35×150 fe...
Cowardly lascivious gaming laptop
  05/29/18
say more about what he does? compliance and the special situ...
pale headpube
  05/29/18
How much do they make in the research division?
Cowardly lascivious gaming laptop
  05/29/18
Depends. Still in the 400k-500k region probably.
Soul-stirring Glassy Ladyboy
  05/29/18
Significantly lower than banking and trading
pale headpube
  05/29/18
trading is dying bro. ibd > research though for bonus...
offensive library
  05/30/18
research is dying even faster lol
pale headpube
  05/30/18
However much his overlords reward him for following orders a...
Aphrodisiac Prole Boistinker
  05/30/18
Always have to stop and LOL whenever I see ‘special situatio...
sienna hissy fit lodge
  05/29/18
Why
pale headpube
  05/29/18
holymoly O| banana points 38 Sorry to disappoint but I've ...
exhilarant indigo foreskin
  05/30/18
500k isn't much in NJ
well-lubricated affirmative action national security agency
  05/29/18
(poa
bateful angry potus pit
  05/29/18
In a back office function an MD can make under $300k. I'm an...
fear-inspiring seedy point
  05/29/18
"Alpha children wear grey. They work much harder than w...
bearded crimson whorehouse shitlib
  05/29/18
Jordan Peterson has a more 180 take on this. He says all the...
fear-inspiring seedy point
  05/29/18
...
bearded crimson whorehouse shitlib
  05/29/18
Why do this job if it sucks and no one respects you for it? ...
walnut exciting goyim cruise ship
  05/29/18
Because the money is better than shitlaw. Who the fuck is ma...
fear-inspiring seedy point
  05/29/18
Probably 75% of shitlawyers.
walnut exciting goyim cruise ship
  05/29/18
Weird schtick.
godawful field
  05/30/18
Russians have a natural affinity for a boot on their necks
Purple parlor crotch
  05/30/18
...
Flushed chapel
  05/30/18
...
gold gaped state striped hyena
  05/30/18
All my finance bros talk about back-office people like they'...
walnut exciting goyim cruise ship
  05/29/18
And all of them would gladly take my job if offered. Front o...
fear-inspiring seedy point
  05/29/18
No. All my finance bros have either moved on from finance or...
walnut exciting goyim cruise ship
  05/29/18
I work with a lot of PE guys. Our bank is liquidating its PE...
fear-inspiring seedy point
  05/29/18
... I mean NOT at big banks. You have to be retarded to ...
walnut exciting goyim cruise ship
  05/29/18
except most people in IB only make money by using their bank...
Soul-stirring Glassy Ladyboy
  06/03/18
Pe is killing it everywhere else. who cares who u talk to. u...
offensive library
  05/30/18
AHAHAHAHAHA no back office politics is even worse than fr...
offensive library
  05/30/18
I'd probably amputate several fingers instead of switching j...
pale headpube
  05/30/18
Can confirm this is true.
pale headpube
  05/30/18
In a couple of years he will escape from this shit job and e...
Mind-boggling naked knife
  05/29/18
800k in that area can get you a pretty good house. Maybe he ...
Cracking primrose range
  05/29/18
Lmao, all that striving to live in New Jersey
Blathering round eye church
  05/29/18
Crrrrrrr
Cowardly lascivious gaming laptop
  05/29/18
Maybe he doesn't want to be enslaved to a 30 year mortgage.
self-centered den weed whacker
  05/29/18
LOL @ the $25k a yr in property taxes he'll be paying. Fucki...
galvanic depressive
  05/30/18
If he can send his kids to the public schools that sounds re...
Impressive swashbuckling school cafeteria codepig
  05/30/18
What is the alternative? Avoid NJ entirely?
self-centered den weed whacker
  05/30/18
People bitching about NJ property taxes ignore that NYC has ...
godawful field
  05/30/18
He's a MD in what? MD in operations for example doesn't m...
offensive library
  05/30/18
He probably bought it cash
poppy adventurous masturbator
  05/30/18
I wouldn't assume that. Not all MDs are filthy rich.
godawful field
  06/01/18
is OP jjc?
offensive library
  05/30/18
yeah
Heady brindle elastic band ratface
  05/30/18
a friend of mine is a v5 partner and he owns an 850k house i...
Thirsty Jew Kitchen
  05/30/18
Does he really own it, or does the bank own it?
galvanic depressive
  05/30/18
i'd say there's a good chance he owns it now if it makes fis...
Thirsty Jew Kitchen
  05/30/18
That's a bit ridiculous esp if in NYC metro
sinister digit ratio
  05/30/18
I’ve seen a couple of 40-50ish partners who stayed in the fi...
fantasy-prone windowlicker genital piercing
  05/30/18
why? he bought the house almost 10 years ago.
Thirsty Jew Kitchen
  05/30/18
oh that's not so bad. with a family and assuming a reason...
sinister digit ratio
  05/30/18
he hasn't upgraded yet. not sure why he'd need to, it's a n...
Thirsty Jew Kitchen
  05/30/18
in this part of the country i'd rather just have a pool and ...
sinister digit ratio
  05/30/18
outside NYC most nice places will have town pools. backyard...
Thirsty Jew Kitchen
  05/30/18
See below. Not really. I mean, you can spend any amount of...
godawful field
  05/30/18
LOL at the outrage that someone doesn't spend $1+ million on...
godawful field
  05/30/18
LOL @ houses going for listing price in those towns. the ...
Cowardly lascivious gaming laptop
  05/30/18
The $800k ones give you $50k to bid above asking and hit $85...
godawful field
  05/30/18
Yes, you are wrong. the dude's house is about 25% smaller...
Cowardly lascivious gaming laptop
  05/30/18
Ok, so let's look at recently sold listings instead of for s...
godawful field
  05/30/18
*shrug* might have to do with distance from the train st...
Cowardly lascivious gaming laptop
  05/31/18
Maybe, though if I start zooming in on the train stations I ...
godawful field
  05/31/18
Dude I knew from college got shot in the throat by a sniper ...
Haunting Appetizing Wrinkle
  05/30/18
was he ok?
Cowardly lascivious gaming laptop
  05/30/18
tbf sounds like he deserved it
Fragrant opaque step-uncle's house
  05/30/18


Poast new message in this thread



Reply Favorite

Date: May 29th, 2018 4:34 PM
Author: Cowardly lascivious gaming laptop

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: Cowardly lascivious gaming laptop

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: Soul-stirring Glassy Ladyboy

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: Cracking primrose range

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: walnut exciting goyim cruise ship

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: Cracking primrose range

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: walnut exciting goyim cruise ship

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: Cowardly lascivious gaming laptop

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: Cracking primrose range

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: Cowardly lascivious gaming laptop

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: Cowardly lascivious gaming laptop

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: Cracking primrose range

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: Cowardly lascivious gaming laptop

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: Cracking primrose range

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: Cowardly lascivious gaming laptop

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: Cowardly lascivious gaming laptop

jfc

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



Reply Favorite

Date: May 29th, 2018 4:35 PM
Author: Stimulating theatre

LOLJJC

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



Reply Favorite

Date: May 29th, 2018 4:36 PM
Author: apoplectic box office



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



Reply Favorite

Date: May 29th, 2018 4:38 PM
Author: Cowardly lascivious gaming laptop

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: nighttime harsh personal credit line



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



Reply Favorite

Date: May 30th, 2018 11:56 PM
Author: Fragrant opaque step-uncle's house



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



Reply Favorite

Date: May 29th, 2018 4:38 PM
Author: Submissive hairy legs rigpig

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: Cowardly lascivious gaming laptop

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: Cracking primrose range

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: Cowardly lascivious gaming laptop

(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: Flickering Quadroon Locale

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: Thriller federal selfie

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: Cowardly lascivious gaming laptop

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: pale headpube

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: Cowardly lascivious gaming laptop

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: Soul-stirring Glassy Ladyboy

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: pale headpube

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: offensive library

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: pale headpube

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: Aphrodisiac Prole Boistinker

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: sienna hissy fit lodge

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: pale headpube

Why

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



Reply Favorite

Date: May 30th, 2018 1:56 PM
Author: exhilarant indigo foreskin

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: well-lubricated affirmative action national security agency

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: bateful angry potus pit

(poa

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



Reply Favorite

Date: May 29th, 2018 8:05 PM
Author: fear-inspiring seedy point

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: bearded crimson whorehouse shitlib

"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: fear-inspiring seedy point

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: bearded crimson whorehouse shitlib



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



Reply Favorite

Date: May 29th, 2018 8:28 PM
Author: walnut exciting goyim cruise ship

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: fear-inspiring seedy point

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: walnut exciting goyim cruise ship

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: godawful field

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: Purple parlor crotch

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: Flushed chapel



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



Reply Favorite

Date: May 30th, 2018 7:18 AM
Author: gold gaped state striped hyena



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



Reply Favorite

Date: May 29th, 2018 8:24 PM
Author: walnut exciting goyim cruise ship

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: fear-inspiring seedy point

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)



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Date: May 29th, 2018 8:31 PM
Author: walnut exciting goyim cruise ship

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)



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Date: May 29th, 2018 8:34 PM
Author: fear-inspiring seedy point

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)



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Date: May 29th, 2018 8:35 PM
Author: walnut exciting goyim cruise ship

... 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)



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Date: June 3rd, 2018 8:38 PM
Author: Soul-stirring Glassy Ladyboy

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)



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Date: May 30th, 2018 11:49 AM
Author: offensive library

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)



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Date: May 30th, 2018 11:48 AM
Author: offensive library

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)



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Date: May 30th, 2018 1:44 PM
Author: pale headpube

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)



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Date: May 30th, 2018 1:43 PM
Author: pale headpube

Can confirm this is true.

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



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Date: May 29th, 2018 8:43 PM
Author: Mind-boggling naked knife

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)



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Date: May 29th, 2018 8:54 PM
Author: Cracking primrose range

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: Blathering round eye church

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: Cowardly lascivious gaming laptop

Crrrrrrr

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



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Date: May 29th, 2018 10:57 PM
Author: self-centered den weed whacker

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: galvanic depressive

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: Impressive swashbuckling school cafeteria codepig

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)



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Date: May 30th, 2018 7:40 AM
Author: self-centered den weed whacker

What is the alternative? Avoid NJ entirely?

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



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Date: May 30th, 2018 11:16 PM
Author: godawful field

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)



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Date: May 30th, 2018 7:43 AM
Author: offensive library

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)



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Date: May 30th, 2018 9:16 AM
Author: poppy adventurous masturbator

He probably bought it cash

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



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Date: June 1st, 2018 12:34 PM
Author: godawful field

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

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



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Date: May 30th, 2018 11:50 AM
Author: offensive library

is OP jjc?

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



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Date: May 30th, 2018 1:00 PM
Author: Heady brindle elastic band ratface

yeah

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



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Date: May 30th, 2018 12:58 PM
Author: Thirsty Jew Kitchen

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)



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Date: May 30th, 2018 2:03 PM
Author: galvanic depressive

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

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



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Date: May 30th, 2018 2:05 PM
Author: Thirsty Jew Kitchen

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)



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Date: May 30th, 2018 2:05 PM
Author: sinister digit ratio

That's a bit ridiculous esp if in NYC metro

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



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Date: May 30th, 2018 2:24 PM
Author: fantasy-prone windowlicker genital piercing

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)



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Date: May 30th, 2018 2:26 PM
Author: Thirsty Jew Kitchen

why? he bought the house almost 10 years ago.

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



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Date: May 30th, 2018 2:30 PM
Author: sinister digit ratio

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)



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Date: May 30th, 2018 3:06 PM
Author: Thirsty Jew Kitchen

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)



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Date: May 30th, 2018 3:07 PM
Author: sinister digit ratio

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)



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Date: May 30th, 2018 3:11 PM
Author: Thirsty Jew Kitchen

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)



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Date: May 30th, 2018 11:27 PM
Author: godawful field

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)



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Date: May 30th, 2018 11:24 PM
Author: godawful field

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)



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Date: May 30th, 2018 11:29 PM
Author: Cowardly lascivious gaming laptop

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)



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Date: May 30th, 2018 11:32 PM
Author: godawful field

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)



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Date: May 30th, 2018 11:46 PM
Author: Cowardly lascivious gaming laptop

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)



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Date: May 30th, 2018 11:56 PM
Author: godawful field

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)



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Date: May 31st, 2018 12:16 AM
Author: Cowardly lascivious gaming laptop

*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)



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Date: May 31st, 2018 12:20 AM
Author: godawful field

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)



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Date: May 30th, 2018 11:47 PM
Author: Haunting Appetizing Wrinkle

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)



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Date: May 30th, 2018 11:48 PM
Author: Cowardly lascivious gaming laptop

was he ok?

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



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Date: May 30th, 2018 11:57 PM
Author: Fragrant opaque step-uncle's house

tbf sounds like he deserved it

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