Further note.
Back in 88 NON owner occupied properties (ie speculation by your definition) required even greater down payments.
I looked at buying a property before we bought this house, a flip, it needed a major facelift / repair etc. Despite enough income to easily pay both mortgages (I owned a home at the time) most banks wanted 25% minimum (40% really) and the interest rate was several points higher than owner occupied.

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KLK, MCSE

1990 500SL

I was always taught to respect my elders.
I don't have to respect too many people anymore.