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How did Uncle Phil afford that house?

Posted on 2/9/11 at 10:11 am
Posted by Lsuhoohoo
Member since Sep 2007
102302 posts
Posted on 2/9/11 at 10:11 am
The average judicial salary in California in 2011 according to the California Bar website is between 100,000 and $200,000. In 2007, the average price of a Beverly Hills home was $2.2 million. How in the hell did uncle Phil pull off buying that mansion?
Posted by Sophandros
Victoria Concordia Crescit
Member since Feb 2005
45219 posts
Posted on 2/9/11 at 10:12 am to
He was a trial lawyer before becoming a judge.
Posted by Pilot Tiger
North Carolina
Member since Nov 2005
74020 posts
Posted on 2/9/11 at 10:13 am to


as with most judges, who dont go to judge school, he was a lawyer first
This post was edited on 2/9/11 at 10:14 am
Posted by Lsuhoohoo
Member since Sep 2007
102302 posts
Posted on 2/9/11 at 10:17 am to
quote:

According to a May 2009 salary survey from the Bureau of Labor Statistics (BLS), lawyers in California earned an average of $151,970 per year Read more: The Average Salary of a California Lawyer | eHow.com LINK


So Uncle Phil pulled in 10x the average CA lawyer's salary?
Posted by rondo
Worst. Poster. Evar.
Member since Jan 2004
77515 posts
Posted on 2/9/11 at 10:18 am to
On the take.
Posted by Lsuhoohoo
Member since Sep 2007
102302 posts
Posted on 2/9/11 at 10:20 am to
quote:

On the take


Thats what I'm thinking. That 2.2 mil is just the average house in Beverly Hills. The Banks house is upper end, I'm thinking 6 mil. They lived next door to the Reagans for God sake!
Posted by BS
Baton Rouge
Member since Sep 2005
16533 posts
Posted on 2/9/11 at 10:20 am to
Did Aunt Viv have a job too?
Posted by Lsuhoohoo
Member since Sep 2007
102302 posts
Posted on 2/9/11 at 10:21 am to
quote:

Did Aunt Viv have a job too?



Early Aunt Viv was a college professor.
Posted by Acreboy
Member since Nov 2005
38568 posts
Posted on 2/9/11 at 10:21 am to
quote:

The average judicial salary in California in 2011 according to the California Bar website is between 100,000 and $200,000. In 2007, the average price of a Beverly Hills home was $2.2 million. How in the hell did uncle Phil pull off buying that mansion?

mortgage brah.
Posted by Maximus
Member since Feb 2004
81644 posts
Posted on 2/9/11 at 10:22 am to
like everyone said he was a lawyer owning the house long before he became a judge. And also, everyone makes the average salary who is a lawyer, thats why they call it the average right.

There's no way the Huxtables could afford that Brownstone IMO.
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
42228 posts
Posted on 2/9/11 at 10:22 am to
Just say he earned what, maybe 200k back then. That's being generous, but not unfathomable. And a big house like that maybe ran you 1 Mil in the early 90's.
He could have pulled that off.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476174 posts
Posted on 2/9/11 at 10:22 am to
quote:

So Uncle Phil pulled in 10x the average CA lawyer's salary?

what's the average salary of a lawyer in los angeles?

if he was successful enough to become a judge, he was likely very, very successful in practice

he went to harvard. he likely wasn't working for some family law clinic

he's also a republican, so i doubt he was working much low-level PI

per phillip banks' wiki

quote:

At the beginning of the series, Philip is a senior partner with the firm of Firth, Wynn and Meyer

that's likely 7-figures brah

wiki
Posted by Lsuhoohoo
Member since Sep 2007
102302 posts
Posted on 2/9/11 at 10:25 am to
I know he was a lawyer before being a judge. But we're going with that Uncle Phil was pulling in millions as a lawyer before becoming a judge? And if that was the case, why would he give up his millions to become a judge for a fraction of the pay? He had to pay that mortgage!
Posted by Towelie
America's Wang
Member since Aug 2007
19260 posts
Posted on 2/9/11 at 10:25 am to
quote:

How in the hell did uncle Phil pull off buying that mansion?


Hustling in pool halls.
Posted by rondo
Worst. Poster. Evar.
Member since Jan 2004
77515 posts
Posted on 2/9/11 at 10:25 am to
quote:

There's no way the Huxtables could afford that Brownstone IMO.



Say what?

They were a doctor and a lawyer.
Posted by iwyLSUiwy
I'm your huckleberry
Member since Apr 2008
42228 posts
Posted on 2/9/11 at 10:25 am to
quote:

that's likely 7-figures brah


There it is.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
476174 posts
Posted on 2/9/11 at 10:27 am to
quote:

But we're going with that Uncle Phil was pulling in millions as a lawyer before becoming a judge?

if he went to a firm that hired harvard grads and made it to senior partner, you're damn skippy

who do you think affords those houses, if not for doctors and senior partners at big firms?

quote:

And if that was the case, why would he give up his millions to become a judge for a fraction of the pay?

this happens a good deal

plus it was his mentor who died on the bench, i believe
Posted by Fun Bunch
New Orleans
Member since May 2008
130098 posts
Posted on 2/9/11 at 10:28 am to
I know some guys that are partners or have established firms in New Orleans and have mansions on St Charles and drive multiple Bentleys. They make millions dude.

Now imagine being a main partner with a huge LA firm. The End.
Posted by Fun Bunch
New Orleans
Member since May 2008
130098 posts
Posted on 2/9/11 at 10:30 am to
quote:

But we're going with that Uncle Phil was pulling in millions as a lawyer before becoming a judge?


Very common. Once you have more money than you know what to do with, you want power instead.
Posted by Pilot Tiger
North Carolina
Member since Nov 2005
74020 posts
Posted on 2/9/11 at 10:36 am to
you're using 2011 salaries, 2007 home prices, CA as a whole and not LA. Your stats are just all over the place.

SFP's post sums it up beautifully
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