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"Lloyd Parker" <lparker@xxxxxxxxx> wrote in message
news:el991p$qc5$1@xxxxxxxxxxxxxxxxxxxx
> In article <el6i3f$8qk_002@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx>,
> jmfbahciv@xxxxxxx wrote:
<snip for brevity>
>>So? That's how you do this buying your house biz if you
>>are going to take out a loan. You can also take out a
>>loan that includes the down payment. Is it now a sin
>>to save for the down payment?
>>
>>/BAH
>
> No, but it means young people have to put off buying a house while they
> do.
Which maintains the circle. While the young people are trying to save, they
have to pay rent. While they try to save house prices go up, rent goes and
their savings become a lower percentage of the deposit.
Thankfully, kind hearted mortgage lenders will offer them fantastic income
multiples and 100%+ mortgages..........
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