[RockinRight]

I can’t say the numbers are perfect, but I can tell you based on 8 year in the business that’s probably not far off.

Lots of people have 10% down. Few have 20, and even if they do, probably shouldn’t.

Why spend every last dime you have for a down payment? Then you’re broke if something happens.

[.cnI redruM]

I tend to think real estate prices are being subsidized by how these transactions are financed. I wouldn’t have to put go broke on the DP, if the property wasn’t priced to fry ozone in the stratosphere. If junk financing were harder to come by, the property prices would more accurately reflect what people could finance if they had to put 20% down.