Luxury vacations and cars can also be paid over a lengthy period of time, so it seemed appropriate.
If you actually do have a strong preference for the more expensive house, then I agree you should get it if it's not gonna be too hard to pay. But I got the sense that he was talking about cases when you can't really decide between one deal or the other.
In these cases, if you simply chose the cheapest because it's cheapest, rosy retrospection would kick in and you'd most likely have a good case of buyer's remorse. "Yes, this place is cheaper but the other one was so nice... surely I could have... (read more)
Luxury vacations and cars can also be paid over a lengthy period of time, so it seemed appropriate.
If you actually do have a strong preference for the more expensive house, then I agree you should get it if it's not gonna be too hard to pay. But I got the sense that he was talking about cases when you can't really decide between one deal or the other.
In these cases, if you simply chose the cheapest because it's cheapest, rosy retrospection would kick in and you'd most likely have a good case of buyer's remorse. "Yes, this place is cheaper but the other one was so nice... surely I could have... (read more)