Saturday, June 6, 2015

Is it normal to have this much debt?

My mom told me we have 400,000 dollars of debt on our house because my parents don't pay the mortgage. Is this normal, because it seems like a lot of money?!
Added (1). I think the house was probably like 350,000 dollars. We make about 130,000 dollars a year.
Added (2). We live in Southern California in the suburbs.

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