So many people are house poor because they underestimate the cost of home ownership.
They overlook the cost of maintenance, property taxes, home insurance, interest rates and more.
When you know it's more than just the mortage payments, you save yourself the pain of getting trapped and feeling buyers remorse.
I think there's a time and there's a place when one should decide to buy a home, but I think people get caught up comparing themselves to their parents or the "life script" and feel compelled to make the commitment.
What do you think?
