4% on 2 million is 80k.

Also, if you’re like between 20-50 years old, there is a good chance just living off the interest generated from 2 million would not get you through your life when you factor in inflation.

Mortgage on a $600,000 house with 3% interest rate and 20% down is roughly $2500. Add in tax and insurance and you’re well over $3000. Oh, and interest rates right now are actually over 7%.

Tf these people are that think they should be charged below market prices? If you don’t like the price, vote in politicians who will support mass housing construction. Cause increasing housing supply is the only way you’re going to see rent and home prices level out or drop. Otherwise, riot in the streets til your boss gives you a raise and you can afford market rates.