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Reply to "Where do people keep these huge amounts for house down payments?"
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[quote=Anonymous]First time buyers who are normal do not have $100k+ for a down payment. Your typical first time buyer is putting 5-10% down. For a $500k house that's $25-30k. That's not too bad. Stories of people putting 20% down that equate to $100, 200, 300+ k are from people who got help from mommy and daddy or who built equity up. [/quote]
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