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John Katalinich, chief lending officer at the Inova Federal Credit Union in Elkhart, says there is danger in letting buyers get into properties with so little at stake, but those risks are minimal compared to the alternative.
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I've always wanted to get into property development as something which I would do on top of the job I hope to have after I graduate.
However, no water got into properties.
"I got into property, I think, just because it was an opportunity that was around," he says.
It was taken for Philadelphia magazine in 2006, to accompany a piece about Trump getting into property development in the area.
Nick said, at the Mipim property conference last week, that the brothers got into property "from a very young age" – his parents "dragged me round houses because they aspired to live in a better house".
Lawyer turned politician Mangal Prabhat Lodha got into property in 1981.
"How did you get into my property, Leo Nordine?" The voice was low and calm.
One trader said: "Big funds will always invest in areas that are doing well and, with food prices being what they are at the moment, they are desperate to get into agricultural property, particularly profitable arable land".
For those looking to get into the property market and who have been held back by high prices, the reforms are good news with a pipeline of new supply likely to flow over time.
Morrison's comments came after the Treasury secretary, John Fraser, warned that young Australians were increasingly having to rely on the "bank of mum and dad" to get into the property market.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com