US: Amateur investors tap 401(k)s to buy homes

In order to get in on hot housing markets, amateur investors are buying up homes and taking risky measures — like tapping their retirement accounts — to fund the deals. “We’re seeing many people cash out 401(k)s or IRAs because they want to take advantage of the market,” said Sean Galaris of fi…

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US: Amateur investors tap 401(k)s to buy homes

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