proud_owner is some one with a lot of cash on hand, and a high income to boot. and he chose to pay full as much as possible instead of leveraged.
it's far easier to make investment decisions when you are in his shoe (i.e. rich).
in the mean time, spare a little thought on the middle class. who do not have a ton of cash. who do not have a very high income. he's not buying MM, but 500sft 1bd, 700 2bd , 1100 3bd is something worth considering. FH and nice location and 3bd and <2M ? not that many. What do you do with his 500k savings then ? Nothing ? Pty investment only for the rich?
I dun think proud_owner has an agenda. his concern is genuine. but he's just too rich to realize the little ones sometimes have no choice.