freedomCM_IHB
New member
Most of those published numbers are for NYC, usually securities law.
Are those numbers you quote for The OC or LA?
Are those numbers you quote for The OC or LA?
JLegend said:You're right. A quick search on google regarding big law firm salaries reveals 1st years making 160K, 2nd = 170K, 3rd 180K, 4th 190K (it appears this industry is most transparent - couldn't find similar numbers for other professionals). From what I've come across, bonuses range anywhere from 20K-50K across relevant class years. Typically laywers who go straight through graduate by 26 (a 3 year program on top of 4 years of undergrad), and will start pulling in close to 200K after the first year or so, so by 27. How many of those young people actually move to OC or are inclined to buy expensive property right away is another matter for which I do not have an answer for. I have a friend from B-School who stands to make about $150K upon graduation, but probably still not enough to afford the Plaza.
freedomCM said:Most of those published numbers are for NYC, usually securities law.
Are those numbers you quote for The OC or LA?
25w100k+ said:JLegend said:You're right. A quick search on google regarding big law firm salaries reveals 1st years making 160K, 2nd = 170K, 3rd 180K, 4th 190K (it appears this industry is most transparent - couldn't find similar numbers for other professionals). From what I've come across, bonuses range anywhere from 20K-50K across relevant class years. Typically laywers who go straight through graduate by 26 (a 3 year program on top of 4 years of undergrad), and will start pulling in close to 200K after the first year or so, so by 27. How many of those young people actually move to OC or are inclined to buy expensive property right away is another matter for which I do not have an answer for. I have a friend from B-School who stands to make about $150K upon graduation, but probably still not enough to afford the Plaza.
Well, what do you do and what is your age that you can afford a place like this? I'm assuming you are younger, since this seems less likely to be a family oriented place... but thats just an assumption.
25w100k+ said:Well, what do you do and what is your age that you can afford a place like this? I'm assuming you are younger, since this seems less likely to be a family oriented place... but thats just an assumption.
graphrix said:He/she sure knows a lot about salaries of big law firms. ;-)
JLegend said:25w100k+ said:Well, I get in 'theory' what the demographic is, I guess i'm not sure about the reality. So, specifically, what is your age and industry and your general salary range? You are anonymous, so I think it should be fine posting.
I just don't know too many people in their twenties making that kind of money. I have friends at big law firms and even they don't pull in 200k (yet?). Sure, a doctor could make that easy, but by that time they're in their mid-thirties which is about when people start having kids.
Maybe i'm mis-judging the number of single professionals later in life who don't want a family. I'm the first one to tell you that Irvine has a number of high paying jobs in a variety of industries, I just don't think we have too many Ibanking type jobs where a 26 year old is going to pull crazy money right out of his MBA program such as Chicago or Wall Street.
You're right. A quick search on google regarding big law firm salaries reveals 1st years making 160K, 2nd = 170K, 3rd 180K, 4th 190K (it appears this industry is most transparent - couldn't find similar numbers for other professionals). From what I've come across, bonuses range anywhere from 20K-50K across relevant class years. Typically laywers who go straight through graduate by 26 (a 3 year program on top of 4 years of undergrad), and will start pulling in close to 200K after the first year or so, so by 27. How many of those young people actually move to OC or are inclined to buy expensive property right away is another matter for which I do not have an answer for. I have a friend from B-School who stands to make about $150K upon graduation, but probably still not enough to afford the Plaza.
graphrix said:25w100k+ said:JLegend said:You're right. A quick search on google regarding big law firm salaries reveals 1st years making 160K, 2nd = 170K, 3rd 180K, 4th 190K (it appears this industry is most transparent - couldn't find similar numbers for other professionals). From what I've come across, bonuses range anywhere from 20K-50K across relevant class years. Typically laywers who go straight through graduate by 26 (a 3 year program on top of 4 years of undergrad), and will start pulling in close to 200K after the first year or so, so by 27. How many of those young people actually move to OC or are inclined to buy expensive property right away is another matter for which I do not have an answer for. I have a friend from B-School who stands to make about $150K upon graduation, but probably still not enough to afford the Plaza.
Well, what do you do and what is your age that you can afford a place like this? I'm assuming you are younger, since this seems less likely to be a family oriented place... but thats just an assumption.
He/she sure knows a lot about salaries of big law firms. ;-)
JLegend said:25w100k+ said:Well, what do you do and what is your age that you can afford a place like this? I'm assuming you are younger, since this seems less likely to be a family oriented place... but thats just an assumption.
Wow, you're really itching to know what I do and are quite persistent about it. I'm a working professional in my very early 30s with no wife or family and don't foresee either in the next 3-5 years. I can potentially clear about $200K, depending on the market this year. I am going to remain anonymous about what I do, and it has nothing to do with drugs (illegal, anyway). So at this point, I can afford the "cheaper" units at the Plaza, but not the more expensive ones. The more I think about it, the more ridiculous that is considering my income level. Boy, prices really need to drop for that place for it to make any economic sense. We'll see what happens...
BMP 309 said:Most big law firms have the same or very comparable salaries. It can easily be looked up, it is not private information.
graphrix said:BMP 309 said:Most big law firms have the same or very comparable salaries. It can easily be looked up, it is not private information.
True, but maybe I know something no one else does...
BMP 309 said:Your numbers for the big law firms, seem to be right on. The one thing that you may not be factoring in is the debt that these young lawyers have. Yes, they can be making around 200K within the first 2 or 3 years (including bonus) but they are also in a very high tax bracket, and may have alot of debt due to graduating from a highly respected law school.
As a decent commercial real estate loan officer (at a lender like a bank or insurance company) you can clear $150k-$200k/yr (base in the low $100k range plus commission bonus).25w100k+ said:JLegend said:25w100k+ said:Well, what do you do and what is your age that you can afford a place like this? I'm assuming you are younger, since this seems less likely to be a family oriented place... but thats just an assumption.
Wow, you're really itching to know what I do and are quite persistent about it. I'm a working professional in my very early 30s with no wife or family and don't foresee either in the next 3-5 years. I can potentially clear about $200K, depending on the market this year. I am going to remain anonymous about what I do, and it has nothing to do with drugs (illegal, anyway). So at this point, I can afford the "cheaper" units at the Plaza, but not the more expensive ones. The more I think about it, the more ridiculous that is considering my income level. Boy, prices really need to drop for that place for it to make any economic sense. We'll see what happens...
Hey, I just wanted to know, no hard feelings. Clearing 200k, young guy in his 30s... Maybe in mortgages? Or perhaps a RE investor.............? (for a certain company? ;-) )
25w100k+ said:JLegend said:25w100k+ said:Well, what do you do and what is your age that you can afford a place like this? I'm assuming you are younger, since this seems less likely to be a family oriented place... but thats just an assumption.
Wow, you're really itching to know what I do and are quite persistent about it. I'm a working professional in my very early 30s with no wife or family and don't foresee either in the next 3-5 years. I can potentially clear about $200K, depending on the market this year. I am going to remain anonymous about what I do, and it has nothing to do with drugs (illegal, anyway). So at this point, I can afford the "cheaper" units at the Plaza, but not the more expensive ones. The more I think about it, the more ridiculous that is considering my income level. Boy, prices really need to drop for that place for it to make any economic sense. We'll see what happens...
Hey, I just wanted to know, no hard feelings. Clearing 200k, young guy in his 30s... Maybe in mortgages? Or perhaps a RE investor.............? (for a certain company? ;-) )
irvinesinglemom said:25w100k+ said:JLegend said:25w100k+ said:Well, what do you do and what is your age that you can afford a place like this? I'm assuming you are younger, since this seems less likely to be a family oriented place... but thats just an assumption.
Wow, you're really itching to know what I do and are quite persistent about it. I'm a working professional in my very early 30s with no wife or family and don't foresee either in the next 3-5 years. I can potentially clear about $200K, depending on the market this year. I am going to remain anonymous about what I do, and it has nothing to do with drugs (illegal, anyway). So at this point, I can afford the "cheaper" units at the Plaza, but not the more expensive ones. The more I think about it, the more ridiculous that is considering my income level. Boy, prices really need to drop for that place for it to make any economic sense. We'll see what happens...
Hey, I just wanted to know, no hard feelings. Clearing 200k, young guy in his 30s... Maybe in mortgages? Or perhaps a RE investor.............? (for a certain company? ;-) )
Seems pretty clear to me that he's in pharmaceutical sales or marketing. Big commissions, drugs of the not illegal kind.
Keanu said:If Plaza is one of the building in this photo, I will consider it. BTW, this is a photo of Vancouver. I used to live there and have looked at MANY condos similar to the Plaza. I get JLegend's mindsets and respect his decision but I won't settle for a busy Jamboree in lieu of a waterview in front of the building.
Roo said:Who cares?
Keanu said:If Plaza is one of the building in this photo, I will consider it. BTW, this is a photo of Vancouver. I used to live there and have looked at MANY condos similar to the Plaza. I get JLegend's mindsets and respect his decision but I won't settle for a busy Jamboree in lieu of a waterview in front of the building.
25w100k+ said:Roo said:Who cares?
Because I think he is involved in selling the units at 3000 the plaza. Its suspicious he's pushing them so hard and no other place, along with the fact that he won't reveal what his job is on an anonymous internet forum? But he's willing to tell us all about the places he wants to live?