Well, 1.1-1.3 is around 12% of one’s net worth if one’s net worth is 8 figures at least. So I don’t see relatively speaking why this would be such a big issue, considering many others, that would be roughly 25-30% of one’s net worth and for them they still consider that affordable. Just saying 🙂
Also, I believe the person did not try to rent this home out at $3000/month but considerably more…. This home was also the model home for Bridge Ridge I think, so that probably also explains the markup back then.