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The Dangers Of Being “house poor". How To Avoid it?
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[QUOTE="Shigobad2020, post: 287767, member: 30251"] House poor in my own definition is a situation wherby you mortgaged your house 0or you took out a loan to build a house , and when repaying back monthly or weekly , you dont have enough money to take care of your responsibilities and challenges like feeding and transportation problems . Having a house is the dream of almost every body in the world , because its good to have a house that you can call yours , but when building house , the best way is to use your own money to build the house rather than getting a mortgage which might later affect you in the future . It might affect you to the point that it will be difficult for you to be able to feed yourself and your family , pay school fee of your children and buy foodstuff whennyou are trying to pay back the money used in building your house . [/QUOTE]
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The Dangers Of Being “house poor". How To Avoid it?
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