Source: The Ascent —
Buying a house is something many people look forward to. But, while this purchase can be one of the best of your life, it can also be one of the worst if you jump into property ownership before you are financially ready to take on a mortgage loan and the other costs of homeownership.
Dave Ramsey has warned that there is one situation where you should absolutely never buy a house, and on this issue, the finance guru is spot on. Here’s Ramsey’s warning as well as some additional details on why his advice is something everyone should listen to.
Don’t buy a house in these circumstances
According to Ramsey, you absolutely should not buy a property if you don’t have some cash to invest in the transaction.
