jmed comments on Rational Home Buying - Less Wrong

99 Post author: Yvain 27 August 2011 12:15AM

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Comment author: [deleted] 29 August 2011 08:32:29PM 0 points [-]

Then what exactly did you mean when you said that the re-sale issue I raised was a "non-issue"?

That the risk of having to sell can be reduced via location choice and emergency fund, such that one does not need to pay $X more for too-much-house just to re-sell it. I'm sure there are scenarios whereby the extra cost is worthwhile. Exceptions don't invalidate general rules or preferences, which is all I stated earlier.

give a lot of priority to the issue of re-saleability

I concur on considering it, but apparently not to the extent you do. Not knowing all the particulars of your situation, I can't really say if I agree or disagree with your decision to pay more to have something easier to re-sell.

Comment author: brazil84 29 August 2011 08:53:25PM 0 points [-]

That the risk of having to sell can be reduced via location choice and emergency fund, such that one does not need to pay $X more for too-much-house just to re-sell it

Seems to me that's very different from this:

If you don't have a sufficient emergency fund to weather lay offs without being forced to sell your house, you don't have enough money to buy a house, so this is a non-issue.

Comment author: [deleted] 29 August 2011 09:14:44PM 1 point [-]

I don't see how.

I'm glad your decision worked for you, though. Cheers.

Comment author: brazil84 29 August 2011 10:06:25PM 0 points [-]

I don't see how.

Well do you agree that the second statement asserts that the risk of being in a situation where you have to sell your house is minuscule under certain circumstances?

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