Category: Psychology

Emotional incumbency: Part 2, reasons we like staying

4 November, 2011 (11:17) | Apartments, Cities, Homeownership, Improvability, Moving, New York City, Psychology, Rent control, Rental, US News |

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday’s post on people who lived an extremely long time in a single apartment, taken from this picaresque New York Times article, identified three reasons that people dislike leaving their nest: the hassle of moving, the loss of (often undeserved) rent bargain, and anxiety about [...]

Emotional incumbency: Part 1, reasons we dislike leaving

3 November, 2011 (09:00) | Apartments, Cities, Homeownership, Improvability, Moving, New York City, Psychology, Rent control, Rental, US News |

By: David A. Smith   A part of each of us is lazy.  Another part of us loves the familiar, simply because we know it well – and so we stay in one place much longer than a perfectly rational economist would have us do, through thick and thin, as profiled in this picaresque New [...]