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>Most people aren't willing to uproot their entire lives just to make a buck on their inflated house price. What I'm suggesting is that that's the irrational p
by dionidium 10y ago
>Most people aren't willing to uproot their entire lives just to make a buck on their inflated house price.
What I'm suggesting is that that's the irrational part. They should be thinking about this decision as though it's an offer of a million dollars to move to Austin, TX (because it is).
- sanderjd 10y agoInteresting! But it isn't obviously irrational to decide to turn down an offer to move for a million dollars. If your stated priorities are to accumulate as much wealth as possible, then it might be irrational to not move, but there are other sets of priorities for which that is not the case. I would definitely take a $1M offer to move to Austin right now, but I also wouldn't want to indefinitely run my life based on real estate arbitrage opportunities, and that isn't irrational, it's just prioritizing some things above wealth.