Thread: Is 15k enough of a downpayment for a first time buyer?
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Old 08-31-2007, 03:12 PM  
BradM
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Join Date: Dec 2003
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Quote:
Originally Posted by minusonebit View Post
I would NOT buy real estate right now. You'd end up overpaying. Wait 3 to 6 months, maybe less, and snap up the bargains. The housing industry has been propped up with bullshit for so long that it was like Enron, eventually all the moisture was cooked out of the books and they caught on fire.
Bang on. The market is so fucked right now. Lenders won't talk to you if you have 15k in vancouver. Come back with 50.
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