Quote:
Originally Posted by OMG!WTF!
Not sure I get the 25k number. But it's only on the portion above 500k. So if you buy a house for 750k, your down payment would have to be 50k (500k @ 5% plus 10% on 250k) as opposed to 75k (750k @ 10%). I don't think it will have a huge effect.
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Didn't realize it was it was 10% only on the portion above.
Meh... this is kind of a half measure in that case. Honestly I'd rather see them knocking it up 1% every year for 5 years across the board until the DP is at 10% for everything.