If you can afford a house, try as hard as you can not to buy a house that you can barely afford with a 30yr mortgage. Limit yourself to a house where you can afford it with a 15yr mortgage. I did that in my 30s and now in my 40s I don’t have a mortgage anymore. Obviously with the current housing market this advice won’t help many.

I got a 30 year mortgage at a fixed 2.something % 15 years ago and am very happy with that because I could invest more in stocks with a higher rate of return.

'Course, with the current interest rates that won’t help many either…