H82rent…. think about it this way. You borrow $50K from your 401K… buy a nice place which you are happy in… but you sit and watch the property value drop by, oh, lets say, about $50K. How would that make you feel? It would make me go insane, personally. Like saving up $50K over how many years, then simply lighting it on fire. And if the numbers are more like $100K, then ugh, I can’t even imagine. How long did it take you to get that money INTO that 401K? It could be gone in 6 months…
If you wait it out a little longer, you might easily be able to preserve that precious savings/retirement money, and still get the house you want in a neighborhood you like.
