[quote=Ready411]
Seems there are more 1st time buyers buying on a whim doing the 3.5% down FHA loans. That’s my problem. If this is the new standard, and these are the people I will have to compete against, it will change the entry level market because they have a different view on the value of money.[/quote]
This is my main concern in a nutshell. If I use 20% down as my standard, but others are using 3.5% (or less) and are only looking at debt service, it’s not a market in which I want to compete. I don’t want to play the game of “who’s willing to promise to pay more for a house”. That’s a game of one-ups-manship I don’t want to play.
