Is it a good idea to take advantage of a COVID 100K withdrawal?

[Mary Jay]

Hey guys,

So my 401K company says that due to corona virus I can take 100K withdrawal from my 401K and pay it off in 3 years. (If I dont pay it back then I will be taxed on it so its better to pay it back).

1) Is that a good idea to take the money out now and buy for cash a house or two (two houses if I add some money to it, obviously) ?

2) What if inflation happens? I guess even if inflation happens, if I take 100K then I will be returning 100K as well...

3) What to keep the money in? I cant keep it under my mattress...I dont really want to put it in CDs or stocks...Bank account? Never had more than 30K in my bank account...Makes me kind of nervous...