It’s me again complaining about trying to buy a house on my peanut salary. So my parents don’t want me to contribute to my 401k while I’m saving up for the down payment. Bad or good move?

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If no match then don’t. Max your Roth IRA if you’re eligible and save the rest for a down

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You should try to contribute Atleast to the match. Free money.

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Save for retirement. Housing market is inflated.

There is no right or wrong answer here.

If you want to optimize your finances, do not ignore your 401k matching contribution. It's free money that you're leaning on th table otherwise.

There's no way to know what will happen with the housing market, and don't let anybody tell you otherwise. I think there's a lot of evidence that the recent increase in housing costs in America is a permanent change. I think waiting a few years to pull the trigger on the house is never a bad idea, especially in this modern world where people switch jobs so often.

Regarding your parents, there's nothing wrong with wanting to buy a house that your parents can move into a nicer neighborhood. Again, this may not be the financially optimized move, but you don't have to make every decision in your life based off of finances alone. Personally, I have spent a lot of money helping my parents. It may have set me back a little bit in my net worth but I don't regret it at all because my parents have sacrificed for me and I love them.

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Sounds like you’re an analyst? I wouldn’t buy a house just yet. House prices are too high rn, you can invest the money rn and save for the future house

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I don’t know what I’m doing with my life. I’m single, mid-20’s, trying to break my parents out of the projects

I bought a house when I was making $37K/year and I wasn’t making Big4 or Accenture money. The house is now worth twice what I paid for it. Quit your complaining already and get it together!

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Save the money, buy in the next downturn - don’t bother 401k-ing if there’s not even a match (and even then…)

My company doesnt match 401k so i am maxing out my roth IRA while i save enough for down payment on a house plus more. When i move to a different company in future that matches 401k, i will try to max it out. I also dont like the concept of 401k too much as i have seen people in 50s struggle with liquidity.

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