Quote:
Originally Posted by peter12
If you are someone who can "hypothetically scrape" up 500k for a down payment, you have already signaled yourself as someone with high saving discipline, and a decent income over someone who can barely get $12,500 together.
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There's plenty of ways for some one to have 500k without saving it.
Regardless, I still don't see how only having 12,500 makes me any more of a risk though? Saving is just a matter of time. Plenty of people out there like me who are in a position to buy but don't have the option to wait another year or two without needlessly throwing away money on rent.