Ha yeah that was my thought. How is this a down payment? This would only be 20% of a $100k house...
reply"Nobody" puts down 20%. That hasn't been a requirement for decades (in the US).
replyAnd there are plenty of places in the US where you can buy a house for $150-$200k. Maybe not places you want to live for one reason or another, but they're there.
Well a substantial proportion of home buyers in Canada put down only the minimum 5% down payment.
replyop forgot to add "/hyperbole"
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