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More Americans are becoming 'house poor' due to high housing costs (www.scrippsnews.com)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

Big fear right now. Father in law like naaa great investment it will always go up. I'm like ok so the last 2 housing drops? Oh no those were correction. I could have gone on but SO was pinching me. Literally buying a house would cost me my entire take home salary...for a fixer upper.

[–] [email protected] 1 points 2 months ago

I don't think "house poor" is the correct term for people renting. House poor means you spend too much on home ownership. These people don't have too many of their assets tied up in their home, they're just dealing with very high rental prices. "Getting fucked by the housing crisis" is probably a more apt term of art for this scenario than house poor.