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Why is it so easy to go into a new home builder and get into a house without putting any money down? Especially in hot markets? I've seen this around my city.

I'm in a situation where I have no equity in my home and I want to keep it as a rental. Reason being... I bought it single, now I'm married with family. It's not right, too small, not the right neighborhood anymore BUT it is in a neighborhood that is constantly increasing in value, surrounded by lots of new building and city renovation. I have no doubt it will continue to rise in value and we'll have equity again (refinanced and took money out after having an inaccurate appraisal).

Anyway, we can get right into a new home, nothing fancy, just bigger house with smaller yard/upkeep and new, with nothing down.

Besides mortgage insurance and having two mortages, what is the downside to doing this if our incomes will afford it?

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