[quote=AN]Reality for who? I just bought and I put down 20%. I know a few people who just bought and one put as much down as 40% and they’re first time home buyers.[/quote]
AN – that’s great. I think you and a handful of others are an exception. Judging from all the people upside down and looking at NODs, very clearly a very high percentage were doing 100% financing for almost a decade.
Even today, there’s little skin in the game. You can do a 3.5% FHA and then get 8k from the gov and 10k from the state.
I’m just saying that the easy money is still there and few people do 20%. I did when I bought (and later sold) but that is old values and today that is rare, JMO FWIW.
