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Reply to "If you took money out of your TSP for a downpayment on a house...."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Don't you people understand continously compounded interest and what you lost? I think borrowing from a TSP is incredibly stupid [/quote] Not stupid if you get 400 percent rate of return on the house you buy like I did. I didn't borrow but took out ,$10k from my 401k to buy my house in 2003. When we sell we'll have more than $500k gain. [/quote] +1 I'm the PP upthread whose husband did this before we met. He borrowed something like $20k from his TSP, paid it back in 4 years, and his condo appreciated $100k in those same 4 years (realized gain, not just on paper). Taking that kind of loan may be more risk than some are naturally comfortable with, but "incredibly stupid" it was not.[/quote]
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