House Poor

Definition of "House poor"

Buying more house than a buyer can afford based on his or her income.

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Related Real Estate Glossary terms

Insurance Expenses

Costs associated with first-year expenses, claims expense, administrative expenses, and renewal expe ...

Visual Right

Occupant's right in a structure to see out of the window without being hindered. For example, if som ...

Annuity Due

Annuity under which payments are made in the beginning of each period (month, quarter, or year). ...

Care, Custody, And Control

Phrase in most liability insurance policies that eliminates from coverage damage or destruction to p ...

Cantilever Construction

Method of construction where part of the structure is supported by a cantilever beam or truss. ...

Confining Condition

Term describing illness, sickness, or disability incurred by the insured such that the insured is re ...

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