It was intriguing to note that SEC classification across the world differs. So this term - 'House Poor' is significant classification- especially since in certain countries/cities this affects almost all !
House Poor :
A situation that describes a person who spends a large
proportion of his or her total income on home ownership,
including mortgage payments, property taxes, maintenance and
utilities. House poor individuals are short of cash for
discretionary items and tend to have trouble meeting other
financial obligations like vehicle payments.
If your are a expat living in a city like Dubai then you have to replace 'ownership' with 'Rent'..