FormerSanDiegan, I sure am glad you filled in the blanks for me.
I never mentioned 20% I am glad you could read between the lines and extrapolate that out of my post. That takes a certainly subtlety I am not usually capable of.
I’ve said this time and again, there are reasons why traditional metrics are well traditional, they worked. They kept the majority of people out of hot water, and lowered the risk of extending credit to the point where it was profitable for banks to do so.
As to my comment about entitlement, that merely comes from the tone and tenor of renterclints response to my post. I stick by what I said, if you don’t have the patience to save a down payment you shouldn’t buy. There are exceptions to every rule and you found a couple, but that doesn’t make renterclints post any less childish or entitlement mentality driven.
Oh and the last thing I have ever wanted, is to rule the world.
