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I wish you could drop $20k and get a house! Down payment here store like $100k+ (AUD). So "only" 5~ Max Studios.

Ha yeah that was my thought. How is this a down payment? This would only be 20% of a $100k house...

"Nobody" puts down 20%. That hasn't been a requirement for decades (in the US).

And there are plenty of places in the US where you can buy a house for $150-$200k. Maybe not places you want to live for one reason or another, but they're there.

Well a substantial proportion of home buyers in Canada put down only the minimum 5% down payment.

op forgot to add "/hyperbole"

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