Add the 20-percent-down-payment rule to the list of norms millennials are tossing out the window. Around 70 percent of millennials said they would put down less than 20 percent of the price of a home as a down payment this year, breaking a rule of thumb that’s stood for decades, according to Business Insider. More than a quarter said they’d put down less than 10 percent, which was almost unheard of in their parents’ generation.
source https://therealdeal.com/2020/02/08/millennials-are-ready-to-break-the-golden-rule-of-home-buying/
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