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handoflixue comments on How To Have Things Correctly - Less Wrong
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If you place positive value on the fact of ownership the endowment effect isn't irrational.
I'd say it's usually that there's a small, immediate negative effect of losing the object, but a larger-over-time positive effect of not living with clutter. I suspect most people run in to up-front-costs issues, and also don't realize how much of a negative effect clutter can have ("it takes an extra 2-3 seconds to find any utensil while cooking; therefor cooking is less fun; therefor I cook less often" style chains seem fairly common)
I'm not saying that most people do value ownership. I'm simply pointing out that JohnMaxwellIV's advice was aimed specifically at a group which did.