u/Feisty_Rip_6163

I have a friend who is loosely looking for their version of a forever home in the 1.2M to 1.5 range. Their HHI is roughly 400k before bonuses, and even after they purchase the home they'll have 2M remaining invested in their portfolios and two other properties (one abroad, the other will probably be used to leverage into the forever home).

I told them they could probably afford significantly more house based on their assets (maybe somewhere in the 2M-3M range) but they're a conservative couple. Is my math wrong here or am I missing something? If I were in their shoes I'd probably up the budget but maybe I'm underestimating the costs of maintaining larger homes.