Nope Lucky,
When you are highly specialized there are limited opportunities. Only a couple practices exist in each region. When you join you dont have the choice of not buying into the partnership and all the costs that come with that. You are correct that very few people make that kind of money and that there is no unemployment for doctors. As long as you are licensed there is ALWAYS work for you. BTW, my friend bought a house with a low down low interest loan years ago (80/20 -100% financed). Despite a tough economy and plunging housing market he paid off the 2nd in five years which proves my point. He had the capacity for the debt due to the size and nature of his income, the character due to his credit scores and career choise he just didnt have the collateral. Everything worked out just fine. I have done plenty of short sales for people that put 20% down but lost their income. I have yet to do one or even hear of one by a young physican.
To add to FLU’s comment, it isisnt just liability. When was the last engineering or PHD emergency call you took. Physicians spend much of their time on call requiring them to take calls from sick patients and often to drop everything to rush in to treat someone or save their life. Many of them are rockstars.
BTW, you may want to look into that recycling business. One of my old girlfriends married a guy whose family is in the recycling/junk business in williamsport, pa. They make more than the doctors.
