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> How's the price of house even mattered all their life? There were living there, it's not something external. Today, I specifically asked my parents if they kn
by xyzzyz 5y ago
> How's the price of house even mattered all their life? There were living there, it's not something external. Today, I specifically asked my parents if they knew how much their house cost. Nope, they didn't know. It's an irrelevant information for them. Cost it 10k or 10m won't change a thing - they live in it, it's not something external.
And if it is worth $100B, would it still be irrelevant? Would they still live in it, instead of selling and becoming mega rich billionaires?
- betaby 5y agoIf their house were 100B that means similar house nearby is also 100B and one still needs a place to live.
- woobar 5y agoBut why would they need to live nearby? Or have a similar house? Maybe as an empty nesters they can move to a smaller house and use spare change for other nice things?
- dionidium 5y agoIf I walk into a room with 2 people and I offer one of them a million dollars to move to Cleveland, then one of them has something tangible and valuable that the other one doesn't. Older homeowners in markets that have seen a lot of appreciation are presented with this offer every morning when they wake up. Whether they take it or not is immaterial. It's a real offer that really exists.