Why people buy the wrong house: preferring space over commuting

In this blog is an excellent analysis on why people buy the wrong house. In short, they underestimate the drawbacks of commuting and overestimate the value of extra space.

I might like this because based on this analysis, I bought the “right” house. Actually, commuting WAS a major factor in choosing my house, but I had other criteria, and our house met them. I am sure others do the same thing. I am sure people who pick the bigger house also have many more criteria that matter than just size. But it is likely they still underestimate the impact of commuting.

See the blog post and decide for yourself by going here: The Frontal Cortex : Buying the Wrong House

Thx to Andrew Sullivan for the link.

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One response to “Why people buy the wrong house: preferring space over commuting

  1. Excellent blog this smartpeopleiknow.wordpress.com well done and I was really pleased to see : this it’s just what I needed to know.
    It’s taken me literally 2 hours and 30 minutes of searching the web to find smartpeopleiknow.wordpress.com (lol) 😉
    But seriously I am really interested in Tax Property normally and so I shall be very pleased to become a regular visitor

    Thanks and well done!

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