These aspirations push people, especially the middle class ... I finally felt like I had "made it" when I moved into a house and found I had a room I had no idea what to do with.
House-poor is when most of your income goes toward ... The problem with getting older is you remember what things once cost. Older people should never tell a young person what things used to ...
The trap is so common it has a name: house poor. The common definition of house poor is having a mortgage or rent payment that is too high relative to one’s income, cash flow or net worth.
One of the smartest things you can do is to purchase a modest house in a modest neighborhood ... habits that the rich people avoid and that unfortunately poor people and middle-class people ...
Many of them are currently “house poor,” meaning they’ve bought a home that prohibits them from affording much outside of paying for said property. There’s a general rule that your housing ...
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