Couldn't help but notice. In 2005:
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You should qualify for an FHA loan (2.75% down payment) and HUD offers grants to first time home buyers.
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...if you have $2K and HUD is offering up to $10K (ADDI), why wait a few years to buy? A few years of equity can mean a lot of money. If waitressing is too stressful, why not buy a multi-family and try your hand at being the landlord?
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it is amazingly easy to buy a house right now, and at least a hundred times easier to buy a new one than a used. The government is offering grants and all sort of things. New housing builders know all the tricks, and you could very well wind up in a new house and get up to 2500 in cash, that you dont have to ever pay back , in the form of a grant. If you have 2000 dollars at least call a couple of new home builders
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Then in 2008 ...
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my wife and i just bought a beautiful home for under $100,000 and if we had wanted to we didn't need a penny down. i have wasted $16,000 in the last two years and i can honestly tell you i am going to be saving $200 a month buy purchasing my home. I live in pittsburgh, pa
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What could possibly go wrong with people buying houses with no deposit? I mean, so long as prices keep rising, no problem, right?
Hindsight is a wonderful thing, ain't it?