How to Avoid Being "House Poor" After Purchasing a Home


The term "house poor" refers to situations when people own homes that they cannot afford. Most of their money goes towards their house expenses, leaving them without any extra money for other things. Approximately 40 million Americans fall into this category. They own homes they cannot afford. Therefore, they are house poor. If you want to buy a house and avoid being house poor, you might want to follow these essential tips when buying a home.

4 February 2021