I don’t think a lot of people in BA do this. The 401k amount is probably insignificant compared to the downpayment. Also, if you change jobs (which is very common here), you’d need to payback the loan in full.
I lost 4 bidding wars in multiple cities. Looking back of course we should have gone all in and put out crazy bids. Didn’t have the experience I now have. I was very bitter after losing and blamed sellers for being greedy. That’s just nonsense. Willing buyers and willing sellers, everyone is right to be “greedy”. Luckily I learned my lesson.
Well… currently, anytime prior to 2018 was a good time to buy. You still make money if you bought in 2017. Even at the last peak in 2007, it would have been a great buy! So if you are buying for the long term, ASAP is the best time to buy!
@manch bought his 1st house in 2011 doesn’t imply he could afford his 1st house by that time. He was one of the bubble sitter waiting and got all in at the rock bottom. But still, I agree it is an accomplishment to be able to lose that much today