Psychologist on why people pay for a great view

From: Salon.Com

A few weeks ago, the most expensive home in the history of Manhattan real estate sold for $88 million, a good chunk of that almost nine-figure check paid for the penthouse [view of Central Park.] A park view can add over $2,000 per square foot to an apartment’s price. That means the penthouse’s view alone cost the buyer tens of millions of dollars…

Our willingness to shell out for a vista is embedded deep within our psyches… “When we were evolving as a species, green space and water were essential for survival,” says Frank McAndrew, a psychology professor at Knox College in Illinois. “We were programmed to like views of these things more than others.” This helps explain why, even today, views of parks and waterways command the highest sums. The fact that we no longer need them is trumped by our primal response to what they once offered as resources. “We’ll still take a fountain and a city park over no green space or water at all.”… Read more…