[quote=peterb]In an inflationary environment, I would agree completely. But in a deflationary environment, the risk of losing the downpayment is fairly great. Assuming 5% to 20% plus closing costs, that’s a chunk of change I’d rather keep for myself. But, if you could get a zero down loan, that would be worthwhile, IMO.
In delfation, keeping the cash turns out to often be the best “investment” of all.[/quote]
peterb, isn’t 3% down the most common payment on new purchases now? I am excluding people who are buying with prior home gains. For those folks, they are just “playing with their winnings”. Not rational, but that’s how they think.
