[rgppq112]

Wait, but someone who could pay the 1% per month for rent could save the 20% downpayment in 20 months and easily afford the mortgage payments as they are less than 1% per month. The only thing that would stop them from saving money is not having a choice, but to pay the huge rent. It's taken me almost 10 years to save for downpayment for this reason: rent keeps climbing up and eats a good chunk of my income.