So let me get this straight, you are now advocating the use of high ltv loans as affordibility products again???? Is that not what got the market into the mess it is right now? Are you telling me that if I use one of those loans that a realtor won’t steer me to higher priced homes to take advantage of that? Because if that is what you are saying then we are right back at square one and you might as well set the calendar back to 2006 again and throw every fundamental issue established here on this site out the window because apparently you and the other two resident realtors have not learned a damn thing.
20% down was used as a standard in years past because the typical renter could not produce it and an investor could as well as service the 80% as debt. That was the difference between a renter and an owner when the fundamentals made sense “market wide”.
