I am looking to buy my first place in the next few years (a condo). I will be buying the least expensive place I can that is still reasonable (decently built, decent management, etc).
Doing it on my own though... I may have to just put 5% down because you have mortgage + all of the related real estate fees... and then I have to buy all of my furniture and stuff that goes IN the condo.
I know a lot of people here are very well off, but you need to understand that not everyone bathes in money every morning.
I feel like I'm being responsible as I'm completely paying off all of my debts before I buy (my parents are awesome and are letting me stay with them in the interim)... and I plan on buying the least expensive place I can get away with so that I'm not "house poor".
But I might only be able to put down 5% or so because there are a lot of associated costs with buying your first place and I'll be doing it alone.