re: What's the most amount of money you'd put down on a new house? It would be a new build.

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Very one-sided argument. You describe market conditions that don't often exist.


They've existed for the past like 20 years and counting.
quote:
Your opportunity cost of money is always a consideration.


Yea, which is why it's really not THAT important to put the most amount of money you can into your home down payment.



The whole point of my posts is that people in this thread and many others on this board act like PMI is some sort of unbearable yolk around your neck when it's like 30-40 bucks a month.

It's such a miniscule amount I can't imagine any real life scenario where that's worth locking up additional tens of thousands in liquidity and/or putting off a purchase to avoid it.

Whatever you save in avoiding PMI gets eaten up instantly by increased home prices YoY.
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You are still painting a one-sided picture. Rapidly increasing home prices have indeed occurred for 20 years. In pockets. And not for the majority. And likely not in Vermilion parish if that is where the OP lives. Home prices go up on average, but most experience 2 or 3% yearly increases. The hot markets are definitely lucrative. Actual increases are very specific to one's local market and even neighborhoods/areas within a market. But advising someone to buy now because they will go up requires more context than given. Most will not see the increases you refer to.

I also would never advise others to pay as little down as possible. For most, this is bad advise. I agree that pmi should not be the driving factor, but it is a factor. Interest cost is likely more important, and a good reason to put more than the minimum.