[QUOTE=AFireInside;2674286]
Quote:
Originally Posted by 1stLand
Once again you are trying to paint a rosey picture. A VERY LARGE portion of mortgages taken out from 2006 - 2008 were ZERO down mortgages. People buying $400,000 properties with no money down.
The dual savings prior to marriage isn't always the case either. In fact most people making $45,000/yr on their own would have a VERY VERY difficult time saving any significant amount of money prior to marriage. Many I know who bought put nothing down because they didn't have much saved.
Sure what you are saying can definitely be the case, it certainly isn't the norm. If it was there would be no need to offer zero down mortgages, or 5% down mortgages as is the case right now.
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Not saying that you're lying or anything, but do you have a link for this? Everything I've seen says that in Canada these kinds of mortgages make up a small amount of the borrowing.