If "house poor" is someone who spends too much on home ownership...

[aslowdodge]

Originally Posted by jerseygal4u

It must be a Jersey thing.

I dont see how people can say house payments stay the same but rent payments go up.

House payments go up to by way of property tax increases....which we can no longer deduct.

Aren't property taxes still deductible but have a limit? But from what I've seen about New Jersey taxes they might easily surpass that limit.

[Coldjensens]

Originally Posted by freemkt

...what is the term for those who spend too much on home rentership?

Californian