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anyone see Jim Cramers meltdown over the fed? by tesla_koil2007-08-08 08:10:38
  Didn't see Cramers, but by binkley2007-08-08 08:19:02
    hmm by tesla_koil2007-08-08 08:24:24
      20% is hard for first timers by hyzenthlay2007-08-08 08:34:08
        true but 20% by tesla_koil2007-08-08 08:38:40
          Hard to save that much and still have by hyzenthlay2007-08-08 09:06:08
            Depends on the market, house you're buying etc. by DesertRat66 2007-08-08 09:17:39
For instance a 2 Bedroom starter home in some parts of California can be almost $500,000 (or maybe more). In other parts of the country that same house could be priced at $80,000. It's a lot easier to come up with $16k than $100k

You don't have to put down 20% on a home, provided you (the generic you) stay well within your budget, and don't over extend on consumer credit.

Some financial advisers say the purchase price of your home should be 10% below what the bank is willing to give you, and your payments should also be lower than what you (and especially the Bank) think you can afford.
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