house poor

Also found in: Idioms.

House poor

People who are short on cash because most of their money is tied up in their homes are "house poor."
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

House Poor

Describing an individual with significant income, but with such a large mortgage on his/her house that he/she has little discretionary income. Historically, this term referred to farmers and ranchers, most of whose cash went to debt service on their land, but it has expanded to include anyone who spends so much on his/her mortgage that he/she cannot spend on other goods and services he/she wants or needs. Being house poor is also known as being land poor. See also: Upside down mortgage, McMansion, Foreclosure.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

house poor

Also called land poor; a situation in which all of one's wealth is in the home (or land) and there is very little cash or income to pay for anything other than necessities.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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"The government wants to give money to the Cyprus Land Development Corporation to build housing to house poor families instead of giving them the right to choose their apartments by subsidizing rents," Mouskides told Stockwatch.
Various measures had been introduced to help the house poor and rent poor.
Dozens of shanty towns house poor migrants at the base of the Muqattam hills outside Cairo.
After celebrating Sunday morning Masses at his parishes, he rides his motorbike to Ho Chi Minh City, where he celebrates Masses and invites Massgoers to buy the CDs as a way to help him house poor rural people.
Built in the 15th century by King Fernando to house poor and infirm pilgrims, it is now a parador for the rich.
House poor; pumped-up prices, rising rates, and mortgages on steroids.
He prefers to remind us that sharp distinctions in wealth and social status persisted and that a "people who built workhouses at the beginning of an era [in which to house Poor Law recipients] and concentration camps at the end [in which temporarily to house Boer War family members] might have gained the whole world, but they had lost honour, and soul" (613).
Again, lost in the shuffle are the usual suspects: those who cannot afford moving into the city, as well as displaced city residents who would find themselves too house poor to continue living in their old neighborhoods.
The Bradenton Housing Authority was established in 1950 to administer the original Rogers Gardens, 120 barracks-style units built to house poor African-Americans.
"You cannot house poor people without a governmental role," says Charles Santer, who heads WMF's affordable housing finance group and has more than 20 years' experience in all sectors of housing and finance.
Chicago's, in contrast, only house poor and nonworking families.
Further, the Progressive Era was a time of growing class consciousness within the black community,(31) and many middle income people would have been loathe to house poor children.