9% return, a bit optimistic unless you’re cherry-picking the better mutual funds or getting lucky on your stock picks (but possible).
What ever happen to school loans? I mean your typical JD, MD should be 140k in the hole coming out of school (not counting undergrad debt) and they will be in their mid to late 20s. Not that easy to pay that back in a chunk when you’re buying everything to start your post-school life (new car, new furniture, new wardrobe, etc.).
Frankly, I know LOTS of Asian Americans (and non-Asian Americans) that have received substantial (>100k) help from their parents. Plenty of parents buying 400k+ townhomes for their kids to live in (kids ranging from residents at Stanford, to grad students at UCI, to law students at Santa Clara)–heck my sister and most of my cousins. I’m the most Americanized of my extended family so I’ve bought my two homes by my lonesome (granted in Texas and in DC).
