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re: Borrowing money from 401k...how does this work usually?
Posted on 2/25/16 at 1:31 pm to TheCaterpillar
Posted on 2/25/16 at 1:31 pm to TheCaterpillar
quote:
Have a buddy who put his house on the market in a fringe Nashville neighborhood, much further than where I'm buying.
On market for 385k...within 12 hours they had bids up it to 420ish and sold that night.
holy shite that is expensive for nashville. How are most millennials going to get into houses when they are that expensive? I guess borrow from their 401k.
1
Posted on 2/25/16 at 1:41 pm to Hawkeye95
That is average for Nashville right now.
It sucks to be my age and looking for a home in town unless you have a super rich family or get paid 200k a year. Rent is super high too. 1 bedroom places in town are $1,500 and up a month. 2 bedrooms 2k+.
I'll eventually settle down with kids and move to the burbs, but I'm not ready for that. I want to be close to the action and very close to work.
It sucks to be my age and looking for a home in town unless you have a super rich family or get paid 200k a year. Rent is super high too. 1 bedroom places in town are $1,500 and up a month. 2 bedrooms 2k+.
I'll eventually settle down with kids and move to the burbs, but I'm not ready for that. I want to be close to the action and very close to work.
This post was edited on 2/25/16 at 1:43 pm
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