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Newsflash: young medical professionals can't afford this crap either. Most of the people I know in that camp have monumental student loans. The climate of aggre
by tostitos1979 11y ago
Newsflash: young medical professionals can't afford this crap either. Most of the people I know in that camp have monumental student loans. The climate of aggressively taxing high income means professionals will always be at a disadvantage since they pay half their income to taxes (in Canada at least). 350K student loan is equal to 700K in pretax earnings. Plus you gotta eat and stuff.
- throwawy32416 11y agoHere at least, there is a contingent of medical (and other) students with no debt. Boston-Cambridge is a gravity center for old money. It's astonishing how many >$100k cars you see. It's the PE folks making a killing here, not working stiffs like doctors, but at least career physicians can afford to live here (barely, but their pay must be high enough for them to be here, by necessity. When you need a doctor you need one nearby.) Resident salaries are, of course, terrible, and I have no idea how they live here without being independently wealthy. School housing?
- mahyarm 11y agoI think there is a tax deduction for paying off your student loans? Or is that just interest?