You, who bought a house at $900 000 or more at 8% rate: What was your reason?

At that price/rate, even if you have 20%, your mortgage would be around $6000. You would not build equity (about 25% after at least 10 years) and renting it would be a loss financially because noone would pay that rent.

So why did you buy? Genuine question. I am thinking about buying but it makes no sense financially. What is the x factor? (Please redditors, refrain from commenting "they're FOMO nuts". I'm trying to get an answer, not insulting them. Thank you.)