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.
- PearlLv 7hace 1 mes
i dont think so
- PatriciaLv 7hace 1 mes
Not sure why you're worried about your father's choices and how he spends his money?
- Anónimohace 1 mes
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.
- hace 1 mes
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.