Financial guru Dave Ramsey warns against rushing into homeownership before being financially ready. Ramsey believes that buying a house too early can lead to financial disaster, draining resources and limiting flexibility. He advises achieving financial milestones like being debt-free, having an emergency fund, and affording a 15-year fixed-rate mortgage. Ramsey emphasizes patience and financial stability over immediate homeownership gratification.

Read more at Yahoo Finance: Why You Should Be Cautious About Buying a House