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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (26052)	12/5/2007 6:57:32 PM
From: KyrosL	Read Replies (3) \| Respond to of 218441

I figure anybody that can manage to accumulate a 20% or so down payment for a standard mortgage is responsible enough to own a house. A hefty down payment should be the key requirement for mortgages guaranteed by the GSEs, and the basis for any new regulations for all mortgages. It will be great for savings. At current prices rental apartments are much cheaper than owner occupied houses mortgaged to the max. People should be living in inexpensive rentals until they accumulate a sizable down payment, just like the old times.