[trader]

While I think this is a good idea and people who want to buy small homes may use it the math is pretty hilarious.

Individuals want to be levered as much as they can to the house they buy (I don't have to mark this to market daily), the main preventive cost of the 20% down, Point doesn't reduce the capital required for that, it just makes the mortgage smaller.

Why would I want a lower tax interest write off, still have to put up the same amount of initial capital, pay for all maintenance etc, but only down 66% of an asset?