Ramit Sethi has been renting for 20 years. Not because he can’t afford to buy. Not because he’s waiting for the right moment. Because renting has been the smarter financial decision for him, and he’s not apologizing for it. Explore More: I’m a Real Estate Agent: 5 House Items Buyers Almost Always Regret Read Next: 6 Things You Must Do When Your Savings Reach $50,000 In a recent video, the personal finance expert challenged one of America’s most sacred beliefs: that buying a house is always the best inves ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A house is likely the biggest purchase you will ever make. While homeownership offers many benefits, such as a neighborhood, no roommates above or below you, and a stable place to raise your children, some people buy houses that they can't afford. To avoid that mistake, some people turn to the 30% rule. This rule states that your monthly mortgage payment should not exceed 30% of your gross monthly income. ...