You are already able to use 401k funds for this! Either as a loan to yourself, or as an "economic hardship withdrawal" (not hard to do if you actually need the

You are already able to use 401k funds for this! Either as a loan to yourself, or as an "economic hardship withdrawal" (not hard to do if you actually need the money for a down payment). In essence, all they are proposing is a way for wealthy people to avoid taxes by putting money into a 401(k) and then pull it out tax free to spend on properties. I bet they would combine this with a raise on the contribution cap. Absolute grift.