What Does ‘House-Rich, Cash-Poor’ Really Mean… And Why it Matters?
Regan Hagestad
October 15, 2018
“House-rich, cash-poor” comes down to how much you have tied up in your home, compared with how much you have in your pocket. In other words, you have more equity locked into the value of your home than you have in liquid assets. For example, you have a debt-to-income ratio that is higher than 40 percent, which means your homeownership expenses
