A Quarter of American Homeowners Are Considered ‘House Poor'
Pro Builder
MAY 30, 2023
are considered “house poor,” meaning they spend more than 30% of their income on housing costs. The study revealed that Miami, Los Angeles, and New York City have the highest share of “house poor” residents, with more than four in 10 homeowners in each city exhausting their household incomes on housing costs. percent in 2015 to 26.5
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