Not all of us were/are in a position to save during our 20s or even 30s. For many reasons.
Not many first-time homeowners in over-inflated markets can afford to find a decent property for 20% down.
The only way 20% down will ever be practical for 1st time homeowners is if property values are restored to reasonable pre-bubble prices. Until that happens, people like me who did not buy pre-bubble are screwed.
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