A Silicon Valley down payment could buy you an entire house in much of the U.S.

Give or take a few bucks, the median 20 percent down payment on a house in metro San Jose equals the median value of a house nationwide.

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Hasnain says:

"Zillow also reports that 25 percent of first-time homebuyers in the U.S. rely on gifts from family and friends to gather enough funds to buy a house. And the report finds that saving for a down payment is the biggest worry of a fifth of all buyers."

All the IPOs are basically going to the landlord's pockets

Posted on 2017-01-18T05:51:27+0000