Quote:
Originally Posted by chemgear
Alright, joking aside and back to the numbers. 
This would be VERY interesting. Going from 35 years to 25 is basically what, another 15% drop in prices - everything else being equal? But I would suggest that downpayments from 5% to 10% would massacre sales numbers. Well, maybe not massacre but it would cut them pretty severely . . . unless of course banks continue to the 0% down - 5% cash back business.
EDIT:
Oh, and totally agree! :P |
I dont agree it would hurt 1st time buyers. Most people can meet 10% fown based on equity in their 1st home, etc when they sell it.