Surely you don't want to penalize those people who arr grossing a lot but netting very little.

My house is a 3 bedroom, 1500sq/ft, not super fancy.... and is $1,000,000

For those of you downvoting me, my parents home is currently valued at 1.134m and at the time of purchasing my Dad made less than 250k a year. It absolutely is possible to purchase a house worth 1.2m making 250k a year. Maybe not a great financial decision, but certainly possible.

It's pretty incredible that a statement such as "They could have not bought a 1.2M home..." is upvoted, despite being obviously false as there absolutely are people that make 250kish and purchase homes worth over a million (such as my parents) but I get downvoted for stating that that statement was false, even though it is accurate. The upvotes/downvotes on this site are just as toxic as reddit; people use them as an agree/disagree button regardless of factuality or relevancy, and don't even comment to provide a counter point