In each group the cash requirements are closely related to the length of the pay period.
Even developers who can afford the new cash requirements "still need partners," he said.
Before expanding, arrangements must be made for the higher cash requirements needed to support trading at increased levels.
He said the increased cash requirement might be difficult to meet as ticket prices fall and competition heats up.
Thus people's cash requirements have proportionately reduced (see Box 16.5).
"Our cash requirements are significantly below what a lot of people have been guessing," he said.
The total cash requirement was $30,000, including $5,000 in closing fees.
Even with the decline in home prices generally, meeting the cash requirements of a purchase is still difficult for many young people.
As a result they were exempted from the six months' cash requirement.
Is there a minimum cash requirement to open an account?