look up any word, like bukkake:
 
1.
being relatively broke after purchasing a house or property due to the mortgage payments or other related expenses. although your total value and worth in assets is increasing by the mere fact that you are owning a property, your monthly liquid assets are fairly tight.
The mortgage will be twice that of my current rent, I'm going to be so house poor after the closing.
by meppy May 16, 2005