Buying a house?
Curious how many HF analysts own vs rent their place? I'd love to buy, but seems risky given the lack of job security in this industry
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I bought a long time ago as an analyst. Still own but if in nyc, I’d advise against it.
transaction costs + opportunity cost of flexibility far outweigh the qualitative benefits.
If you did lose your job, wouldn't you get another one in the same area?
Hmm, probably.
I didn’t do it until later in my HF career when I had a fair bit saved up and a lot of stability. I didn’t feel comfortable early on (especially in nyc where costs are very high to own).
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