Doctor's Houses

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@Mad Jack

Dat interior.
log-cabin-interior-design-ideas-decoration-home-454455.jpg
 
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I think it's interesting how much hate people heap on CC courses. I took some sciences at CC that were taught by professors from the big name nationally ranked state university, with the exact same format they used for their university students. Prepared me well enough to score in the mid 30s :shrug:
You're lucky. Most CC courses are not taught by professors at a nationally ranked university. CC courses are known for the expectations for students being much less than at a national undergrad. So getting an "A" there is not a big deal.
 
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Going back to the OP, I'm not sure your intentions for asking this but I will indulge you hoping it was asked with good intentions.

I finished medical school in 2006, work as an emergency physician in a small city in Minnesota. My wife is also a physician who graduated in 2005 and we have one child to support.

We have rented our entire lives and saved money by driving Honda civics and living within our means at all times. We bought our first house in 2012 which we believe to be our dream home.

We have four bedrooms and live at the end of a culdesac in a neighborhood. We have a pool and small movie room. We have our dream vehicles now which are a ford f150 and ford explorer (high trim levels).

We are completely blessed and know we are significantly more financially sound than most, but we have no Ferraris, helicopters, vacation homes, etc. we get three weeks of vacation and usually take one of them for a trip as a family. The others we drive to a local Minnesota getaway or just relax at home.

We have loans on the cars and the home but hope to have everything paid off in the next six years.

This is similar life to our colleagues for what it's worth. Please don't assume the flashiest of any specialty is representative of the whole...it's usually far from the truth.
 
Going back to the OP, I'm not sure your intentions for asking this but I will indulge you hoping it was asked with good intentions.

I finished medical school in 2006, work as an emergency physician in a small city in Minnesota. My wife is also a physician who graduated in 2005 and we have one child to support.

We have rented our entire lives and saved money by driving Honda civics and living within our means at all times. We bought our first house in 2012 which we believe to be our dream home.

We have four bedrooms and live at the end of a culdesac in a neighborhood. We have a pool and small movie room. We have our dream vehicles now which are a ford f150 and ford explorer (high trim levels).

We are completely blessed and know we are significantly more financially sound than most, but we have no Ferraris, helicopters, vacation homes, etc. we get three weeks of vacation and usually take one of them for a trip as a family. The others we drive to a local Minnesota getaway or just relax at home.

We have loans on the cars and the home but hope to have everything paid off in the next six years.

This is similar life to our colleagues for what it's worth. Please don't assume the flashiest of any specialty is representative of the whole...it's usually far from the truth.

ImageUploadedBySDN Mobile1399670681.227611.jpg


Here is a picture. It's our sanctuary but you will see its not a castle nor does it have a helipad or any other outlandish luxury
 
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Here is a picture. It's our sanctuary but you will see its not a castle nor does it have a helipad or any other outlandish luxury
Both my parents are physicians and they have a lot of physician friends and it may be because you've just started practicing but what you described is a vast underestimate of what a physician can afford, in my opinion.


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Both my parents are physicians and they have a lot of physician friends and it may be because you've just started practicing but what you described is a vast underestimate of what a physician can afford, in my opinion.


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.........Really, man? What kind of thing is that to say to a hard working doctor who described his home as his and his family's sanctuary? Dammit, that's callous.
 
Both my parents are physicians and they have a lot of physician friends and it may be because you've just started practicing but what you described is a vast underestimate of what a physician can afford, in my opinion.


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I cannot speak to your parents friends situation.

We will not be paying any loans off in seven years...I personally don't know many physicians who can say that. It leads me to believe (maybe delusional on my part) that we are in fact buying what we can actually afford.
 
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Both my parents are physicians and they have a lot of physician friends and it may be because you've just started practicing but what you described is a vast underestimate of what a physician can afford, in my opinion.


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Depends on your definition of "can afford." A single physician in a primary care field has roughly 8k a month to spend after taxes, loans, etc. That is enough to afford a $2,880/mo in mortgage payment and taxes, or roughly a 350-500k home, depending on the interest rate you land. A couple can double this to a 700k-1m home. These figures are very loose, due to variable taxes and interest rates possible, and assume the maximum recommended home debt to income ratio of 0.36.
 
Both my parents are physicians and they have a lot of physician friends and it may be because you've just started practicing but what you described is a vast underestimate of what a physician can afford, in my opinion.

The real problem is that a lot of people (physicians included) feel inclined to buy the best house their money can support. Not necessarily "above" their means, but strapping a lot of their finances into the house. Not everyone wishes to max out on their house with lots of mortgage payments, loans, etc. Don't just look at people's homes and assume that paying them off is easy for the people living there.
 
Gotta say, I'm truly impressed that this thing got back on track (considering its initial prognosis). Way to change your Pampers after ****ting them pre-allo. You're growing-up (for now anyway).
 
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