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In response to
"It's interesting because I think it's starting to hurt the home sales market (when you would think it would be the other way around)."
by
pmb
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I hadn't thought about this, but you're right that it changes the decisionmaking process yet again. one thing that I think
Posted by
amanda (aka amanda)
Jul 5 '12, 07:27
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you're overlooking is that credit markets are still pretty tight -- a large down payment is required for the best rates, and not everyone has access to $40k cash.
while I don't favor a return to the days of zero down or liar loans, I do think we need a middle ground to make first-time home-ownership possible for the true middle class again.
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