pay as you go would be renting would it not?
saving for a house without a mortgage is the default, i would have thought, in the same way that one purchases anything. Problem is due to the cost of a house so one generally needs finance.
Perhaps alternative sources of finance would be a way forward such as borrowing from a communit pool of funds at a low rate...the credit union!..problem here is i dont think CU's give out mortgages and their interest rate is similar to banks anyway.
Maybe CU's need an overhaul or an alternative to them should beset up.....i dunno.....great question though.