Quote:
Originally Posted by ASAP
All of this is 100% dependent on the equity in the place you buy... people that do 5% and 10% down loans... they could be massively screwed... if you're buying cash or buying w 50% down, ultimately it just comes down to how comfortable you are w losing a bit of money... which ultimately doesn't matter if you are staying long term... now i don't know the original poster's financial situation but the costs he described seems outrageous and the pull from the retirement funds doesn't seem like a great idea and then throwing a loan on top of that...
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Exactly why I am throwing this out there for people to poke holes in it. What is the risk of pulling from retirement now and making the bet that I won't lose long term with the lake property?