Fact(s)

• The experience of a living space is far more important than its appearance.

• People declare they value experiences more than things, but observably do the opposite. (wrong assumption of maximizing utility)

• People misjudge their ability to tell how long pleasure of possessing a thing will last.

Overall Feelings

• People put far too much weight on obvious differences (location, look) and far too little on intrinsic features (community, relationships, convenience).

• All novelty (view from the window, huge backyard) wears off, but inconvenience stays.

• It’s a mistake of believing one can put up with inconveniences in order to enjoy overall comfort.

o   Long commute to the suburbs and back is bad for physical and mental health.

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