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re: Borrowing money from 401k...how does this work usually?

Posted on 2/25/16 at 1:41 pm to
Posted by TheCaterpillar
Member since Jan 2004
76774 posts
Posted on 2/25/16 at 1:41 pm to
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.
This post was edited on 2/25/16 at 1:43 pm
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 2/25/16 at 1:55 pm to
quote:

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+.

sounds like denver. And we have legal weed.

But in denver to get a house in city limits, you are looking at least 350k. And that would likely be transitional neighborhoods. To get into the nice hoods, you are looking at 500k+, probably closer to 600k for something decent.
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