I am glad that these people in the “high-downpayment pool” are buying. My opinion is that there is a finite number of buyers who are holding earnings they made in the bubble waiting to buy a property. As these people exit the market by purchasing properties, the housing downturn will accelerate. So I say, “Please, go out and pay to much for a house!!!Burn your bubble gains on a house that is just going to eat that equity in the short-term.” We need to clear these buyers out so we can really get this thing moving. So if there is a Spring bounce going on and these people are putting 20% down I cheer them on.
