Did my dad buy a cheap house compared to his income?

My dad makes about $500k-600k a year. We lived in a house that cost 700k but he sold it as he wanted something bigger. It was only 60 square meters so it’s understandable. Now he bought a house for 1.6 million. He has no debt so I feel like he could’ve something more expensive but this is good too.

4 Answers

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  • Pearl
    Lv 7
    1 month ago

    i dont think so

  • 1 month ago

    Not sure why you're worried about your father's choices and how he spends his money?  

  • Anonymous
    1 month ago

    The truth is you don't really know what his financial situation is.  It's not for you to decide how he spends his money.

  • 1 month ago

    A $1.6 million house is reasonable on a $500-$600k/year income. 

    Be grateful that you have a house that nice.  Your dad likely wants to save and invest his money, which is smart.

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