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A comment on The Shock of Sweden's Housing Market Is Hitting the Country's Currency. Parent comment

Re:The Shock of Sweden's Housing Market Is Hitting the Count... by sjy on Wednesday November 15, 2017 @03:24PM (#15707408)
No such assumptions are made in the axioms of VNM-rationality[1] or any other model of rationality of which I am aware. If it is not rational to live near people you like it is difficult to see why it would be pay more for a house with any other luxury.

[1]: https://en.wikipedia.org/wiki/Von_Neumann–Morgenstern_utilit...

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