Quote:
Originally Posted by Weitz
You can buy lots of places with a $40k downpayment.
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Ahhh...So now the wise move is for people to spend their youth saving, and then dump all of their savings into property with a 5% down payment and historically low interest rates....nothing could go wrong there.....
What a disaster...someone with a networth of $40k should in no way be borrowing $760k. It's a crime that's allowed to happen. At best you become a slave to that mortgage that will follow you for the next 30 years....