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Message
re: 401K vs Buying Home
Posted on 8/8/14 at 3:59 pm to jeepfreak
Posted on 8/8/14 at 3:59 pm to jeepfreak
quote:
You're looking at only about $7-8m here. If you have a problem saving that much, you have no business buying a house.
I have enough in savings to put down the down payment. However, I hate to see my cash balance go to zero.
3
Posted on 8/8/14 at 4:27 pm to LSUisBetterthanU
quote:
I have enough in savings to put down the down payment. However, I hate to see my cash balance go to zero.
Then wait a year and sock some more money away. I hate seeing someone throw money away(to the IRS especially) unnecessarily.
Posted on 8/8/14 at 4:54 pm to LSUisBetterthanU
quote:
I have enough in savings to put down the down payment. However, I hate to see my cash balance go to zero.
wait a year and build up your savings, shite break in houses
Posted on 8/9/14 at 8:55 am to LSUisBetterthanU
quote:
I have enough in savings to put down the down payment. However, I hate to see my cash balance go to zero.
The bank is not going to approve you anyway if your down payment brings you down to zero. You definitely should save up another year and do not touch your 401K.
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