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It's amazing too me how fast the thinking on mortgages changed...
Aug 15 16:40 pm
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All Comments by Markham Lee_ »Tightened Lending Standards: Reading Between the Lines [View article]
...when I finished college in '98 my classmates and I were thinking in terms of how to save as much money as possible for a down payment.
Fast forward to '05 and I had co-workers touting the stupidity of "wasting money" on a downpayment: "if you want to build wealth you have to buy a house with no money down"
-M