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Old 03-26-2004, 06:01 PM  
lazycash
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Join Date: Aug 2002
Location: Local Socal
Posts: 15,214
Quote:
Originally posted by Donnie Gangsta


man why half down? i put 10% down on my vegas house and have made 5x my money in less than a year. It's worth 50% more than I paid for it..

there's no point to putting half down.. you should take your $250k and buy 5 houses just like yours for 10% down and rent them out or do something else with the $.
With rates so low and the stock market doing moderately well, true there is no need to put that much down. Best to at least put 20% down though and avoid PMI.
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