I'm with you on that one.
Plus, even if I had the $50,000 down I'd like to put down -- I don't want the responsibility of a mortgage right now. I'm young, I make good money, I want to be irresponsible and drink, buy toys, rent a place that I don't give a shit about, have fun with ladies, and repeat all of the above every week.
I'll buy a house in 3-5 years... just don't want one now.