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Ask Dave

Meaning Of House Poor

"House poor" basically means that the house payment is so high that it's making you poor.

QUESTION: Troy asks what the term "house poor" means. It’s a ratio that keeps you from prospering, explains Dave.

ANSWER: It just means that your house payment is so high that you’re poor. It’s breaking you. If your house payment is half of your take home pay, you can’t prosper. They bought it at a level that shouldn’t be done and it’s hurting them.

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Want to Buy a House With Confidence and Peace of Mind?