Quote:
Originally Posted by EastChestnut
EastChestnut's little homebuying tip:
If you don't have at least $15,000 saved up somewhere to buy a home (includes your 401(k)), you shouldn't even be looking to buy a home.
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You think people should include their 401K to determine if they have enough money to buy a home? Call me conservative, but I never count the money in 401ks and other retirement accounts as "available" funds. I think it's better to put as much as you can into them and forget they exist...we don't plan to touch them for (gulp) decades. Or am I misunderstanding your tip?