Will 20% Down Require Waiting 14 Years to Buy a Home?

"Should the average American have to wait 14 years to purchase a home? A worksheet from the Center for Responsible Lending says that's how long it will take to save up if 20% down payments become standard. With new mortgage banking reforms in place and broad housing finance reform looming, higher down payment requirements seem pretty inevitable. But a number of groups are fighting these changes, as they worry about average Americans coming up with huge chunks of money to buy a home. Does the CRL's 14-year estimate exaggerate the situation?" -- Or people could just buy cheaper house...