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Old 01-30-2018, 05:14 PM
 
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...what is the term for those who spend too much on home rentership?


A house poor is a situation that describes a person who spends a large proportion of his or her total income on home ownership, including mortgage payments, property taxes, maintenance and utilities. House poor individuals are short of cash for discretionary items and tend to have trouble meeting other financial obligations like vehicle payments.

Last edited by freemkt; 01-30-2018 at 05:23 PM..
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Old 01-30-2018, 05:15 PM
 
Location: The Triad (NC)
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Quote:
Originally Posted by freemkt View Post
...what is the term for those who spend too much on home rentership?
Foolish.
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Old 01-30-2018, 05:25 PM
 
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Originally Posted by MrRational View Post
Foolish.

I did not find that in Investorpedia.

11 million renters spend at least half their income on shelter. They're all foolish?
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Old 01-30-2018, 05:26 PM
 
Location: N of citrus, S of decent corn
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They are also house poor.
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Old 01-30-2018, 05:45 PM
 
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Quote:
Originally Posted by freemkt View Post
...what is the term for those who spend too much on home rentership?


A house poor is a situation that describes a person who spends a large proportion of his or her total income on home ownership, including mortgage payments, property taxes, maintenance and utilities. House poor individuals are short of cash for discretionary items and tend to have trouble meeting other financial obligations like vehicle payments.
If you spent as much energy trying to better your life as you did lamenting how your life is miserable and it's all the fault of being a renter, you might see some improvements in your situation.

just a thought
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Old 01-30-2018, 06:42 PM
 
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We call them those who are part of a freemkt.
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Old 01-30-2018, 06:48 PM
 
Location: Formerly Pleasanton Ca, now in Marietta Ga
4,115 posts, read 3,411,881 times
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Originally Posted by SuiteLiving View Post
If you spent as much energy trying to better your life as you did lamenting how your life is miserable and it's all the fault of being a renter, you might see some improvements in your situation.

just a thought
That has been suggested many times. I just said the same thing on another thread. Where's the beating the dead horse emoji?
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Old 01-30-2018, 06:50 PM
 
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Originally Posted by Thatsright19 View Post
We call them those who are part of a freemkt.

Actually, North American housing and land use markets are very UNfree because government artificially restricts the supply and variety of housing which can be built.

Japan doesn't have a NIMBY problem like we do.
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Old 01-30-2018, 07:16 PM
 
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Quote:
Originally Posted by freemkt View Post
Actually, North American housing and land use markets are very UNfree because government artificially restricts the supply and variety of housing which can be built.

Japan doesn't have a NIMBY problem like we do.
Japan has generational mortgages. 100 years.
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Old 01-30-2018, 07:19 PM
 
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Originally Posted by wheelsup View Post
Japan has generational mortgages. 100 years.

How does that work? Principal is reduced (the equivalent of) one dollar per month over 1200 months?
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