I consider myself to be fiscally Conservative, and socially very Liberal. With all of the changes coming down the line, I am blown away by the industry's response to these changes. I also know that a lot of the industry is very Conservative. In my mind, those two things do not match together.
How can one be conservative, and NOT want people to have more money into a home? Isn't being conservative all about saving money, lowering spending, and not over extending oneself?? That is what a higher down payment means, in my mind. That a person has not gone out to eat for a few months, brewed coffee at home, and saved the extra little bit to purchase a home.
So, if you are fiscally Conservative, you should be SCREAMING for them to increase the minimum down payment....right??
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