Quote:
Originally Posted by FireFly
I wish someone would give me a mortgage so I could buy a house.
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Is it getting the mortgage or is it the down payment? From what I hear thats now the biggest obstacle for the first time home buyer...at 5% you're needed like 15 grand to get your 5% down which is tough when you see what people are having to pay for rent. Certainly the last two and a half years were really tough for people saving because house prices pretty much went from like 175 to 400 for an average house. So folks who were trying to save like 5 grand over the course of 12 months for their downpayment were having the market outpacing what they could save along with the other pressures to try and keept saving. Certainly a year where prices hold steady will be welcome relief for those trying to save up.