site banner

Seeking advice on whether to move to a new apartment

Edit: I appreciate everyone's feedback, which was generally in favor of staying, partly because leaving a satisfactory home for a new one entails unknown risks with regard to neighbors and/or the building, and partly because my hypothesis that spending more money will be motivating is suspect. Because I have real life friends who reads this website, I have removed the more identifying and/or financial specifics from the original post, and will not disclose which path I ended up taking. Thank you all again!

4
Jump in the discussion.

No email address required.

I'm not going to tell you to move or not to move. If you have the money there's nothing wrong with spending it on something that will improve your quality of life.

But this:

I wonder if by moving to the pricier place, the higher rent will light a bit of a fire under my butt and result in faster progress in my work that ends up paying more dividends on a net basis. That might even be true after the first 15-months when rent will basically double.

... is wishful nonsense, as you seem to have already figured out based on your following paragraph.

You can use the same logic to justify any sort of spending, not just housing. And other things too - eating that extra dessert is actually good for my diet, because gaining weight will make me more focused on exercise tomorrow.

Ironically the motivation trick will probably work better in the opposite direction. Tell yourself, "if I put in the extra effort over the next 12 months, I'll treat myself to a nicer apartment this time next year". That way you're linking the effort to the reward in a much more direct way.

Like I said at the beginning, this doesn't mean you shouldn't move. If the nice apartment is worth the extra cost then go for it, you don't seem to be hurting for cash. But don't justify it based on second-order effects that will probably never happen.

Also you can simplify the two short-term financial effects you mentioned. A $x discount per month for 15 months plus a $1500 one-time cost is pretty much the same thing as a discount of $(x-100).