this post was submitted on 14 Nov 2023
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[–] [email protected] 13 points 11 months ago (1 children)

Bought in 2020 and locked in 2.65%. It's a bit of a fixer upper due to the previous home owners' neglect. About $60k in repairs and improvements so far has it feeling more and more like a home. The house value has risen more than I put into it.

My wife and I say almost weekly how bad we feel for others and how lucky we were. The timing was impeccable. Cashed out our 401k, used covid relief checks, and went from a 600sq ft cabin on family property to a 2k+ sq home we owned.

Super, super lucky.

[–] [email protected] 2 points 11 months ago (1 children)

You were extremely lucky with that interest. Congrats! What are you both planning/doing for retirement now? Are you going to try to max your contributions to make up for cashing out?

[–] [email protected] 2 points 11 months ago

Absolutely lucky. Thanks!

We increased our contributions to what we can afford and went from $0 in 2020 to $52k now. Just keeping on keeping on.

Trying to pay down all other outstanding debt (car, solar loan) higher than what we can make back through other investments. My wife has a job that will match 7% after a vesting period, so we're waiting for that nice bump to really figure things out from there.