house poor
Mortgage ate everything
House poor describes someone who spends so much of their income on housing—mortgage payments, property taxes, maintenance—that little remains for other expenses.
The house itself may be impressive, but its owners can barely afford to furnish it or go out to dinner: They bought their dream home but now they're house poor.
Secured home loan
- paymentsMoney given for obligations
- interestAttention, stake, or fee
- loanBorrowed money repaid later
- debt-to-incomeObligations relative to earnings
underwater · negative equity · foreclosure · default · overextended · liabilities · borrowing · lenders
Secured home loan
- overextendedBeyond sustainable capacity
- budgetPlan for spending
- cash-strappedLacking available money
- incomeRegular monetary receipts
expenses · utilities · maintenance · repairs · homeownership · affordability · sacrifice · lifestyle
mortgage
Secured home loan
debt-to-income · underwater · negative equity · foreclosure · default · overextended · liabilities · borrowing · lenders · refinance
mortgage
Secured home loan
- overextendedBeyond sustainable capacity
- budgetPlan for spending
- cash-strappedLacking available money
income · expenses · utilities · maintenance · repairs · homeownership · affordability · sacrifice · lifestyle · stretched thin
house poorwell-off
Having sufficient wealth
liquid · prosperous · comfortable · affluent · solvent
house, poor, houses, housed, housing, housekeeper, housework, household, housewife