Quote:
Originally Posted by kevman
So I guess my question is, is 3-4 years an unacceptable length to have to wait to save up a down payment?
|
I believe that is doable now, but say you were doing that in 2000-2004 and waiting 2-4 years to save to get another 5% down payment. You would be falling farther behind because of the crazy run that real estate had.
I don't have any data for renting, but didn't rent go up as well during the real estate run?
I think it is crazy how much real estate has gone up, with the differences of how much 10% down payment got you in 2000 versus 2010.