I may not be totally against 20% down across the board as well. We just have to be OK with the economic consequences of that. Unemployment rates would stay higher longer, construction jobs would not come back for a much longer time, home owner % would go way down, and the bottom for prices would be much further off. That would be a very bitter pill for most. Maybe better off long term, but are we ready for that bitter pill?

Obviously we have to get the private label lending back and drastically reduce the Governments lending footprint. Not sure how that will be done though w/out much higher rates.