The trap is so common it has a name: house poor. The common definition of house poor is having a mortgage or rent payment that is too high relative to one’s income, cash flow or net worth.

Many of them are currently “house poor,” meaning they’ve bought a home that prohibits them from affording much outside of paying for said property. There’s a general rule that your housing ...

The term “house poor” describes individuals who spend so much on their mortgage, property taxes and maintenance that they have little left for other expenses or savings. Creating a financial ...

STRUGGLING to get by on £80 a week, mum Katy Goff started to question how much longer she could carry on her hand to mouth life. In desperation, she signed up to appear on Channel 5’s Rich ...

KATY Goff use to struggle to go to work with her disabilities and relied on the local food bank to feed her family but now her life has changed dramatically since appearing on the reality show ...

Everyone aims to improve their lives and live in the best and most comfortable way possible. These aspirations push people, ...

In desperation, she signed up to appear on Channel 5's Rich House Poor House with her partner Luke Wellfair. Now the 28-year-old tells The Sun the show - which features two households with a huge ...