The apartment build has moved from “life support” to a stable, workable stage, freeing the author to focus on other tasks. They also question whether funding the project by draining their emergency fund—rather than taking out a loan—was a mistake.
Would you rather preserve your emergency fund and use a loan for a big project, or pay cash to avoid interest? What factors (risk tolerance, interest rates, income stability) would drive your choice?
Progress rolls on with the apartment build and I’m finally at a point where the apartment is no longer on life support and is in stable condition. I can switch my focus to other tasks. But did we make a big mistake draining our emergency fund instead of pursuing a loan?