And I would pay quite a bit for borrowing that 800k since the era of rock bottom interest rates is over. I have run the numbers multiple times. After the proper

And I would pay quite a bit for borrowing that 800k since the era of rock bottom interest rates is over. I have run the numbers multiple times. After the property taxes, utilities, maintenance, debt servicing and insurance, I’d be spending quite a bit more of my income for housing than I do now for a similar property. The people who own my house have benefited from absolutely massive asset appreciation over the past 10 years and are grandfathered in on much lower property taxes. I would pay 4x the property tax, double the loan rate and the possibility of the home price going up 4x like they experienced seems pretty remote. I think the fact on the ground is that the housing market is not fair and that some people get incredibly lucky in their timing and others would be just better off renting.