Why some can’t afford their house — even after they pay off their mortgage

Despite owning their homes free and clear, many Americans face financial difficulties due to the persistent expenses associated with homeownership. These costs, which include property taxes, insurance, maintenance, and utilities, can be substantial and burdensome. Consequently, even those who have successfully paid off their mortgages may find it challenging to maintain their properties and cover other living expenses. This situation underscores the broader financial pressures that can accompany homeownership, beyond just the mortgage payments.