I would agree with that DW… However it seems that there are posts that do occassionally come up where people are questioning how buyers can come up with 20% down. Note I am not saying that any of this is a good thing because it really is not. Our government believes that the only way out of virtual insolvency is to… spend more! Hoooray!!! Like you I am a very frustrated saver.
Also the 20% down thing is not written in stone. I have a 3% FHA buyer closing escrow in mid December. He has the money to put down much more but is not doing so.
