You may have heard the term “house poor” that real estate agents say when discussing the risks of buying a new house. Making future plans and avoiding certain situations can help you get out of this mess.
What Does Being House Poor in terms of real estate means?
House poor is a term often referred to spending an incredible amount of money on your house’s mortgage, taxes, insurance, and other houses related stuff that you don’t have enough to spend on anything else. In other words, a person that spends a large proportion of their total income on their home…Read more