09-20-2022, 10:13 AM
Thoughts about buying a house with 401k
<!-- SC_OFF --><div class="md"><p>With inflation making 401ks practically worthless by the time we can cash them out, wouldn't it make more sense to invest in a house? House value would generally go up and 401k at best are doing as well as inflation r/n. And at worst they are losing value. I dont believe in this myth of compounding interest making anyone a millionaire. They are basically a glorified savings account. Maybe its worth the 10% hit to get a house now instead of waiting 30 more years.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Sharp-Cat2319"> /u/Sharp-Cat2319 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/xilont/thoughts_about_buying_a_house_with_401k/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/xilont/thoughts_about_buying_a_house_with_401k/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>With inflation making 401ks practically worthless by the time we can cash them out, wouldn't it make more sense to invest in a house? House value would generally go up and 401k at best are doing as well as inflation r/n. And at worst they are losing value. I dont believe in this myth of compounding interest making anyone a millionaire. They are basically a glorified savings account. Maybe its worth the 10% hit to get a house now instead of waiting 30 more years.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Sharp-Cat2319"> /u/Sharp-Cat2319 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/xilont/thoughts_about_buying_a_house_with_401k/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/xilont/thoughts_about_buying_a_house_with_401k/">[comments]</a></span>