The American Dream?

I came across an interesting article a while back and am just getting around to sharing:
 

How The 30-Year Mortgage Robs Your Future:  

Do you want to give up the chance of becoming a millionaire?

Catchy title...so I had to continue reading.  Not to my surprise, the article didn't reveal to me anything I didn't already know, but it offered an interesting perspective on the cost of buying a house earlier than you can afford.

A "Stolen" Opportunity:

The difference between a 15- and 30-year mortgage with a 6% interest rate on a $225,000 home is $144,000 over the life of the loan...Invested as a lump sum, it would grow to a million dollars in just 17 years. You'd have $2.5 million in 25 years. On the other hand, what if you invested your house payment for 15 years after you paid off your 15-year mortgage? One year later, you'd have a million bucks. Ten years later, you'd have $3.5 million.

 Dave's Recommendation:

....Dave never recommends 30-year mortgages. If you don't pay cash for your home, get a 15-year mortgage with at least a 10% down payment and monthly payments that are no more than 25% of your take-home pay.

YIKES!  I told you his ideas are not consistent with the current way of doing finances!