What does being house poor mean?

By
Real Estate Sales Representative with Keller Williams Realty Inc.

Has someone you know told you they are house poor? This is not a fun place to be. Purchasing a home you may barely be able to afford can contribute to being in more debt and financially unstable. When looking for a house to purchase, it is imperative that you only choose a home within your set budget. To find out how you can avoid becoming house poor yourself and how this can happen, watch today's video above! 

Comments (2)

Gwen Fowler-864-710-4518 SC * Mountain* Lake*Home
Gwen Fowler Real Estate, Inc - Walhalla, SC
Gwen Fowler Real Estate, Inc.

All of my buyers have to qualify for 14 payments per year instead of 12, just to be sure they are not over buying.

Dec 02, 2022 10:40 AM
Kat Palmiotti

Great idea Gwen Fowler-864-710-4518 SC * Mountain* Lake*Home 

Dec 03, 2022 05:45 AM
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

Don't buy a house at maximum budget - it will definitely impact your future ability to maintain/upgrade your home.

Dec 03, 2022 05:45 AM