Who thinks it is crazy to have to put a 20% down payment on a home these days?
I'm here to say this generation is different, and the world is different.
Back "in the day" there were 15% interest rates so you could actually SAVE money by putting it in a bank. Now you get a .005 interest savings rate. Our society is not BUILT to save money anymore, it's meant to spend.
If we require a 20% down payment for all buyers, our economy would collapse because you would be eliminating most of the middle of the class and below.