Discussion
  • Read More
    CoopermanHamilton Nolan
    9/09/13 4:40pm

    With some $50,000 in the bank—a nest egg from my family augmented by savings that I’d stashed away by working in retail since the age of 14...

    GO FUCK YOURSELF.

    Reply
    <
    • Read More
      VamanosPestCooperman
      9/09/13 4:43pm

      I had a nest egg. It's called a 401k and I ran through it when I got laid off.

      WE WILL NEVER RETIRE.

      Reply
      <
    • Read More
      Abrahim LadhaCooperman
      9/09/13 4:48pm

      WHY ALL THE HATE ON RICH PEOPLE?

      Really now? does she deserve to be told that? What if shes actually a really nice person? Just because her family can afford to buy her nicer toys than you doesnt mean shes evil...
      This isnt so much directed at you, as it is the article and everyone in the comments.

      Reply
      <
  • Read More
    TruthHamilton Nolan
    9/09/13 4:45pm

    Good for her. $50,000 isn't exactly a lot of money. It's certainly more than I have in the bank now (and I'm way older), but that's hardly a trust fund baby level of wealth. She worked hard, saved, and got a little help. She bought a shoebox for $250,000 and financed the majority of it. Given the rent prices she was paying, I'd say it was a smart move.

    Reply
    <
    • Read More
      PudgyDaddyTruth
      9/09/13 4:51pm

      your parents giving you 50 grand as a "nest egg" isn't trust fund baby level of wealth? Seems like it is to me...

      Reply
      <
    • Read More
      TruthPudgyDaddy
      9/09/13 5:05pm

      I would disagree. The $50,000 was a combination of family money and her own savings from working since she was 14. This isn't exactly a Russian oligarch's daughter buying a $90MM penthouse to she can go to school in NYC.

      To assume that this girl is a spoiled brat because she made a smart move with her money is a little rash. Who knows what her situation was? Her parents could have had that money socked away for college and then the girl went and locked up a full scholarship. Maybe she was just really smart with her savings and didn't blow any of it in school. That doesn't really make her some entitled person. If she was rich, she probably wouldn't have been working retail since she was 14.

      Reply
      <
  • Read More
    Shut Up!Hamilton Nolan
    9/09/13 4:53pm

    I bought my first house when I was 22. Though home prices today are nowhere near what they were in 1980 all 3 of my kids bought their first houses at 22 or 23, right out of college, and in the 350k to 450k range. Seems pretty normal to me.

    Reply
    <
    • Read More
      AllagashShut Up!
      9/09/13 5:01pm

      Where did they get the usual 20% down payment? "Normal" 23 year olds don't have $70-90k in the bank.

      Reply
      <
    • Read More
      glassbottomcarShut Up!
      9/09/13 5:12pm

      Normal for the 1%. Normal meaning the average 22yr old in America gets maybe $500 graduation present at best not $50,000 and most are deep in debt from the money they had to borrow just to go to college. You and your kids are privileged elites whether you want to believe it or not.

      Reply
      <
  • Read More
    MikeofLAHamilton Nolan
    9/09/13 4:57pm

    So, I was 26 when I bought a 3 unit building in Hollywood for $650k. I am not a trust fund baby, got a little money help from my grandfather to augment the down payment (since been payed back) and prior to that I lived in an $1900 a month apartment in Sherman Oaks. $250k is really not a lot of money. If you make over $6k a month, it's doable.

    Stop hating. This is not news.

    Reply
    <
    • Read More
      DogRidingRodeoMonkeyMikeofLA
      9/09/13 5:12pm

      Making over $6,000 a month adds up to about $93,000 a year if you're assuming a 30% income tax. All I can say is that I wish to fuck I was making that at 22.

      Reply
      <
    • Read More
      theconcretegardenDogRidingRodeoMonkey
      9/09/13 5:24pm

      yeah my brother and his girlfriend studied computer science in collage (payed for by scholarships) and they make upwards 90k in their first year. a lot of people there make over 150k, so i'm sure the longer they work there the more they'll earn.

      i studied art because i love it. he studied computer science because he loves it. he makes 90k at 23, hired WHILE STILL in college. i....make minimum wage.

      i don't know, we're both happy with our choices. the people who make a bunch of money worked really hard at really desirable subjects. the world wants programmers and innovators. i could have followed his example and be making bank, but i'd be sad.

      i don't know where i'm going with this, but it seems like a lot of people write off hard work and dedication to a desirable field as "lucky bastards" when they're anything but. he's not getting payed to sit a desk and check facebook. he's working the entire 8hrs and sometime at home.

      Reply
      <
  • Read More
    thehoopoe3Hamilton Nolan
    9/09/13 4:47pm

    WHERE IS THIS $250K APARTMENT IN MANHATTAN? WHERE?

    Reply
    <
    • Read More
      Gabrielle Cyniquethehoopoe3
      9/09/13 4:57pm

      181st Street.

      Reply
      <
    • Read More
      Michaelthehoopoe3
      9/09/13 5:24pm

      I just read the article and she claims it's in the West Village. THE WEST VILLAGE. FOR $250K.

      Reply
      <
  • Read More
    AludraHamilton Nolan
    9/09/13 4:34pm

    Please do go on about this 'nest egg'.

    Reply
    <
    • Read More
      bobosagetAludra
      9/09/13 4:39pm

      Augmented by five-figure retail earnings!

      Reply
      <
    • Read More
      hellfireAludra
      9/09/13 4:55pm

      also her monthly expense of $2,100 suggests to me her not so ordinary "salary" (for a 22 year old), unless of course that is supplemented by income from her parents, or that she's eating crackers everyday.

      Reply
      <
  • Read More
    Rabastens450Hamilton Nolan
    9/09/13 4:40pm

    I'm a normal 36 year-old educated adult who who still can't afford a normal condo.

    No, I do not spend all my hard-earned money on sex, drugs or prostitutes. Or clothes.

    What's normal, again?

    Reply
    <
    • Read More
      This Guy I KnowRabastens450
      9/09/13 4:47pm

      Whatever you are doing is obviously not working. Try doing the the opposite (i.e. spend your money on sex, drugs or prostitutes) and your fortunes might change.

      Reply
      <
    • Read More
      DiscoInfernoSupressionSystemRabastens450
      9/09/13 4:51pm

      Normal is:

      • Having college paid for by someone else.
      • Getting handed approximately $50,000 on top of that.
      • Earning enough immediately after college where $2,000 + maintenance fees each month is not really a considerable sum.
      Reply
      <
  • Read More
    ahpooksHamilton Nolan
    9/09/13 4:39pm

    Every normal 22-year old graduates with a $50k nest egg. EVERY SINGLE ONE!

    Reply
    <
    • Read More
      ARP2ahpooks
      9/09/13 4:55pm

      ....And little to no college debt to speak of. Yep, perfectly normal.

      Reply
      <
    • Read More
      PigglyWiggly1ahpooks
      9/09/13 10:48pm

      If I had that $50,000 nest egg, I'd have no student loans. Either her parents paid for her schooling or she got a substantial scholarship. Which automatically makes her not normal.

      Reply
      <
  • Read More
    ElagieHamilton Nolan
    9/09/13 5:26pm

    Guys, calm down, yes $50K is a lot of money but, really, not that much if she was really frugal. Maybe she didn't own a car (with all its associated expenses), maybe she banked every penny she earned instead of buying electronics or an extensive wardrobe, or partying. What if she also hung onto whatever she may have gotten in the way of presents over the years for birthdays, holidays, or milestones (in addition to even modest amounts of money left by great-grandparents or what have you.) And then, when her parents saw her making what they deemed a financially responsible decision to buy instead of rent, maybe they fronted her $10-20,000. Or maybe they gave or loaned her more in the interest of seeing their daughter have a good start on life. Why all the hate?

    Reply
    <
    • Read More
      feministeaElagie
      9/09/13 6:55pm

      Because your scenario assumes that she did not have to pay for college, rent, food, books, etc. I don't own a car and am ridiculously frugal but I am in debt rather than having $50K to spend. Very few people get that much money from their parents.

      Reply
      <
    • Read More
      Elagiefeministea
      9/09/13 7:32pm

      It's true, college debt is crippling (and school has gotten ridiculously, disproportionately expensive.) But not everyone pays for their own college — it doesn't make this woman a trust fund baby. Sometimes parents (especially if they have only one or two kids) plan ahead and scrimp and save (or borrow or re-mortgage or raid their retirement funds) to pay for higher education. My blue-collar parents did it for me and for my two brothers (state schools and granted, it was a LOT cheaper 30 years ago.) My husband and I (with some help from my parents) paid for my son's (state school) tuition and we will pay for our daughter's, in part from money that my in-laws have been setting aside. It's just part of our family's ethos. Maybe it was so with hers. It's not fair that some people have it harder and I'm not saying this woman is a paragon, it's just that it's also not right to hate on her.

      Reply
      <
  • Read More
    lemonlimepeach2Hamilton Nolan
    9/09/13 4:52pm

    No fucking NORMAL 22-year-old has a FIFTY THOUSAND DOLLAR NEST EGG.

    On top of that, where the hell is this $250k condo located exactly? In the sewer? And what is her job that she could afford 2k a month in rent?

    Reply
    <
    • Read More
      sui_generislemonlimepeach2
      9/09/13 6:05pm

      That's another good point.

      They say you're supposed to make 40x your monthly rent, in Manhattan, to stay afloat. So presumably she was making over $84,000 a year, at age 22...???

      Reply
      <
    • Read More
      SuchMuchsui_generis
      9/10/13 5:07am

      According to her linkedin she is employed as a copywriter. Because she's 22, I'm assuming she's an entry level/junior copywriter. Which means she's probably making in the neighborhood of 50k tops (my former roommate is a copywriter. we paid 1250 each in rent and complained constantly about the exorbitancy of that). Yup. This reeks of 22 year old bullshit.

      Reply
      <