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submitted 3 days ago* (last edited 3 days ago) by cm0002@lemmy.world to c/usa@midwest.social

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Well I am just shocked, SHOCKED I say! Well...not that shocked

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[–] grue@lemmy.world 2 points 3 days ago* (last edited 3 days ago) (2 children)

$100k is 20% of a $500k house. 20% is the traditionally "normal" amount, and $500k is a pretty average price in big cities these days...

[–] bdonvr@thelemmy.club 2 points 3 days ago

I don't think most people are putting 20% down anymore tbh. Especially not in those places

[–] BreadstickNinja@lemmy.world 1 points 3 days ago (1 children)

A lot of people put down 10-15% and pay the PMI. That's what we had to do.

[–] grue@lemmy.world 0 points 3 days ago

Or 3.5% with an FHA loan (if that's still a thing?).