re: Where to buy first home in BR area?

quote:

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not many people have 30 to 50% sitting around, that's around 60 to 75K for the average house.

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Correct but a young couple working with a good income should be able to save it in 3- 5 years and just think how much money in the long run that will save them.

Many young couple make the mistake of getting a big mortgage looking at both of their incomes and then when the woman starts having kids they are forced to get her back to work ASAP to make the mortgage. They would be in a much, much better position down the road if they will bite the bullet now and save for a much bigger down payment. IMHO.