>> just putting down like 3 or 4 percent of the price of the house .. yes that’s the new generation and economy were in today.
Ein Hadash Tahat Hashemaim – this happens before every housing crisis. So, if it happens in your area already [not in mine, I believe], please do not buy RE, or at least do not buy on the outskirts of the city … typical pattern is that when things are going hot, prices in best areas go up, say, 20% and people start buying in more “affordable” areas where prices go up 100%. Then, things go down and people in “affordable” areas with 4% down foreclose.