Is there ever a time when tapping retirement accounts makes sense? This is my plan (and I’ll probably stick with it unless there’s a ginormous negative I haven’t foreseen):
The people that can’t make it work financially in Hawaii are not the homeowners, they’re the people getting priced out of condos because they raise monthly fees for amenities/repairs and they’re renters who see their monthly rent going up $150+/month every time their lease renews on top of the already astronomical rent prices. Have talked to realtors and builders already and have a loan fully approved to start the process, and have been told we can make this happen in my budget.
What is it that I’m not seeing? Why is this a bad idea? Or is it only a bad idea for people who are not guaranteed substantial profits if they have to sell?