[quote=SellingMyHome]
……Why put 20% down? When I run the rent vs buy calculator at NYTimes, the higher deposit makes it better to rent, assuming a 6% or higher ROI, which long-term is doable.
Why not put the 3.5% down? The next house I buy will be my last, if nothing changes with jobs, health, etc. Aren’t interest rates so low now that it makes sense?
I know a lot of people here wish that folks never could have bought with zero or little down, as it allowed many people to walk away with no loss.
I’m really still a little (a lot in some of your eyes) clueless as to why a higher down payment is a better thing for me.[/quote]
Savers and taxpayers are paying for this ability to put down 3.5% instead of a minimum of 20%. This example shows that it’s not necessary to allow downpayments of less than 20%. We are simply allowing people to milk “the system”. For those of us who pay for the system, this is just theft, authorized by Congress, and executed by the Federal Reserve and Treasury.
