When Not to Buy a House
Life events affect whether or not you can buy a house. If you are experiencing situations that make your finances somewhat unstable, you should decide to postpone your purchase for a later date.
If you are fired from your job or you have lost your source of income, please wait until you are earning enough to pay for it. Also, if you will be leaving your current job, make sure you’ve landed on another one and earning sufficently. If you have filed for bankruptcy, not buying is a wise choice.
If you are just married or divorced, settle first your situation. If you wil be having kids soon, it would be best to save for your children before making a big purchase.
If you have had a major health operation, illness or any other event that require medical expenses, take care of this before moving on to anything else.
If you will be moving within the next five years, buying a house will be a waste of money.