2 ms·
I have to say I just don’t understand why anyone would willingly pay the kinds of prices for housing that I see people paying. It seems like the consensus is t
by fallingfrog 8y ago
I have to say I just don’t understand why anyone would willingly pay the kinds of prices for housing that I see people paying. It seems like the consensus is that you should pay 2.5 times your household income on a house; I see people around me paying 5 times or more. That’s bonkers. We paid 1.25 times our household income and we’d never have considered more. I’d rather live in a double wide than put that much of my income into a sunk cost like that. No way. Everyone is just behaving in a totally irrational way and I don’t get it.
- bognition 8y ago> Everyone is just behaving in a totally irrational way and I don’t get it. A lot of people don’t have the luxury of paying only 1.25X their salary. Take Boston for example. You’d need to live more than an hour out of the city or in a city with terrible schools to find a house that cheap. Lots of people are optimizing for more than just price. Things like quality of education and commute also factor in. So please realize housing is incredibly complex before judging everyone else as irrational for not making the same life choices as you.
- chillacy 8y agoA comment about not getting something ends with everyone else is irrational? If you don’t understand something the problem is often with your model of reality being incomplete, not other people.
- snarfybarfy 8y agoWhich consensus are you talking about? US? Northern Idaho? Thailand? Saudia Arabia? SV?? Where I live the long term average is 6-7x household incomes.