Yes, that is an assumption I make in the article. A 20% downpayment is going to ... | Hacker News

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		philipdlang on Dec 5, 2013 \| parent \| context \| favorite \| on: Wall Street is Buying Homes - Will Main Street Fol... Yes, that is an assumption I make in the article. A 20% downpayment is going to be the minimum that you would need for any bank to approve you for a mortgage. Many readers either have that cash in their bank account or the ability to get help from (extremely) generous parents.

Domenic_S on Dec 5, 2013 [–]

Eh? There's FHA (2.5% down), I did that myself. Was easy. Messes with your overall purchasing power because your monthly is so high, though.

> Many readers either have that cash in their bank account or the ability to get help from (extremely) generous parents.

LOL

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