A house vs apartment.

@DeWayfarer That would depend where you live. 25 percent down is better to get a better interest rate, but you can still do it with 10 percent.

@CanadianTraveller then it's not worth it. That 15% is a huge percentage difference. Better to save and keep some interest.

@DeWayfarer I started with a five percent program when I was 30. Basically the price of homes goes up faster than the costs to maintain them, therefore when this is paid off soon, I will be free of any monthly shelter costs, less some maintenance and property taxes. Because I was in the Army I could not really be a landlord, but those of my friends that did had renters pay all their homes off over the past 20 years.

@CanadianTraveller today isn't like it was 20 years ago. They are far harder now on getting loans. And look at his age group.

@DeWayfarer But mortgage rates are way better. When I bought my first home, my mortgage rate was eight or more percent. The rates now are 1.5 percent.

@CanadianTraveller look at his age group! That's a factor now.

@DeWayfarer Age is a big factor. Generally, the 50 to 70 generation is probably one of the most wealthy as a general group than any other generation has been. I, like many parents, are giving advances on inheritances to their children to buy a home and have the same economic advantage that we did.

@CanadianTraveller the matter I suspect is moot. He liked my reply. Make of that what you will! 😊