this post was submitted on 21 Jun 2024
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More Americans are becoming 'house poor' due to high housing costs (www.scrippsnews.com)
submitted 7 months ago by btaf45 to c/[email protected]
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[–] Boinkage 1 points 7 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.