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Brown Cafe UPS Forum
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<blockquote data-quote="Re-Raise" data-source="post: 458634" data-attributes="member: 16501"><p>All true Santa. I would add to this little or no down payment. That meant no acquired equity leaving you completely dependent upon rising property values.</p><p> </p><p>All too easy to just walk away from. My wife watches some show called property virgins where these first time home buyers buy $300,000 homes with $10,000 down payments. If you were only able to save $10,000 you can't afford a $300,000 home. My opinion.</p><p> </p><p>When my wife and I built our home we had over 1/4 the value of the home in liquid savings.</p></blockquote><p></p>
[QUOTE="Re-Raise, post: 458634, member: 16501"] All true Santa. I would add to this little or no down payment. That meant no acquired equity leaving you completely dependent upon rising property values. All too easy to just walk away from. My wife watches some show called property virgins where these first time home buyers buy $300,000 homes with $10,000 down payments. If you were only able to save $10,000 you can't afford a $300,000 home. My opinion. When my wife and I built our home we had over 1/4 the value of the home in liquid savings. [/QUOTE]
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