Yes, we are willing to put down at least 20%, if not more, if we can afford it. We just want to have enough in the bank for a few months worth of mortgage payments in case something happens. If we did buy a house and something did happen, we could sell a house (of that size) in a matter of months. The real estate industry is full of slum-lords looking to make a quick buck on college kids....so selling the house would not be a problem.
In regards to the financial industry, I work in the financial industry for a fairly decent sized corporation, and our bank was the one that required the personal guarantees. This sounds bad, but at least my bank looked at us, other banks told us to take a flying....
Anyway, the greek system is strong and isn't going anywhere anytime soon. It also doesn't help that we have a University that doesn't really care about our existence.
I always said, if I were to win the lottery, I would buy up two blocks around campus and build the greeks all their own houses and have them rent them from me. That way we are together in brand new houses!
If only it were that easy?!?!
