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Reply to "How did you afford your $1M plus home?"
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[quote=Anonymous]I took money out of my 401(K) for a down payment, but it was a loan, not a disbursement. The money never even touched my hands. I am still paying it back via direct deposit. The only penalty is that the repayment money is post-tax, not pretax, but since I don't pay taxes, it's hardly relevant. Before you all begin frothing at the mouth, the amount I took out was 6K. But without it, I wouldn't have been able to afford my first condo. I have since moved out, bought another house with DH and the condo is blissfully rented out.[/quote]
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