One more point: don't buy more house than you can afford. (wealthsimple.com)
With prices rising modestly, they can typically buy more house for their money than their counterparts in hot markets. (realtormag.realtor.org)
What about the greed of people who bought more house than they could afford, borrowed more for cars than they could afford, and bought luxury items on credit cards? (religion.blogs.cnn.com)