401k withdrawal for home down payment

[ua_guy]

Riverwed raised a good question above...what are they currently doing with their "disposable" income that would go to covering the $8k/month mortgage? If retirement savings are already shored up and they have that much cash on a monthly basis, why not look for a much more affordable home as a vacation/rental/ or future retirement property?

[bjl584]

Probably not a good idea for most people.
But my cousin did it, and he is doing just fine.

Seems like it's not totally black and white