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submitted 1 day ago* (last edited 1 day ago) by [email protected] to c/[email protected]

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Well I am just shocked, SHOCKED I say! Well...not that shocked

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[–] [email protected] 1 points 1 day ago* (last edited 1 day ago) (2 children)

$100k is 20% of a $500k house. 20% is the traditionally "normal" amount, and $500k is a pretty average price in big cities these days...

[–] [email protected] 1 points 1 day ago (1 children)

A lot of people put down 10-15% and pay the PMI. That's what we had to do.

[–] [email protected] 0 points 1 day ago

Or 3.5% with an FHA loan (if that's still a thing?).

[–] [email protected] 2 points 1 day ago

I don't think most people are putting 20% down anymore tbh. Especially not in those places