Scott thinks that a 20 percent downpayment requirement to get a mortgage may actually help the housing market in the long run, largely by keeping home prices down and preventing market bubbles. He makes a persuasive case.

Currently, all the media hype aside, most lenders are not requiring 20-percent downpayments. The national downpayment average is 12.29 percent and the Massachusetts average is 13 percent, according to data collected by Scott.

Would requiring a larger downpayment hurt or help the market? Any thoughts on the matter would be appreciated.

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