E127 What is House Poor?

E127 What is House Poor?


Are you familiar with the term “house poor”?

One study says as many as 35% of Americans are “house poor.” It sounds bad, and it is bad. If you’re a homeowner or looking to buy, let’s avoid it.

Today we’ll cover:

  1. Definition of “house poor”
  2. Why it happens
  3. Impact of being house poor
  4. What to do

Lastly, you’ll learn how to avoid being house poor in the first place

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