11-07-2006, 04:52 PM
Chad,
Buying a house with zero down is retarded. Speculative purchasing and poor financial standing creates housing bubbles.
The personal finance books I've been checking out says you should put 20% down unless you want to finance the down payment and closing.
Joan's uncle is the lead financial analyst for Dean Witter's eastern timezone/northern hemisphere and my uncle owns a real estate firm in NoVA for 20+ years and they both agree with having 20 percent down with another 10k in the bank.
Buying a house with zero down is retarded. Speculative purchasing and poor financial standing creates housing bubbles.
The personal finance books I've been checking out says you should put 20% down unless you want to finance the down payment and closing.
Joan's uncle is the lead financial analyst for Dean Witter's eastern timezone/northern hemisphere and my uncle owns a real estate firm in NoVA for 20+ years and they both agree with having 20 percent down with another 10k in the bank.
Two feet.