another borrowing against 401k article

kiki · 07-22-2008, 09:55 AM

From msnbc, 'Long-distance commuters’ road to nowhere' article:

The couple decided to put more money into improving the house, in the hopes that it would stand out among comparable homes in the area. In the end, they plowed some $15,000 and countless hours of sweat equity into the improvements, using credit cards and a loan against a 401(k) account to fund some upgrades.

Unbelievable.

Full article at: For commuters, economic woes pile up - Mortgage Mess - MSNBC.com

CitricAcid · 07-22-2008, 09:58 AM

I think I can... I think I can...

(thinking about reversing the housing market)

07-22-2008, 09:55 AM	#1
kiki Dryer sheet aficionado Join Date: Aug 2007 Posts: 49	another borrowing against 401k article From msnbc, 'Long-distance commuters’ road to nowhere' article: The couple decided to put more money into improving the house, in the hopes that it would stand out among comparable homes in the area. In the end, they plowed some $15,000 and countless hours of sweat equity into the improvements, using credit cards and a loan against a 401(k) account to fund some upgrades. Unbelievable. Full article at: For commuters, economic woes pile up - Mortgage Mess - MSNBC.com

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07-22-2008, 09:58 AM	#2
CitricAcid Full time employment: Posting here. Join Date: May 2008 Posts: 546	I think I can... I think I can... (thinking about reversing the housing market)

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