Rather be poor and happy, than rich and miserable.
Also, who's to say he put his lively hood in jeopardy? I could sell my house and go rent an apartment or room from a friend and save $1,300/month. That would be a decent chunk of change to be able to put toward something else such as a making a dream come true. I've honestly thought about doing just that several times before. Who really needs an entire house to themselves? I'm here ( awake ) maybe 2 hours a day, the rest is spent sleeping, not like I get to enjoy it that much aside from the weekend.
The only thing that would be in jeopardy would be my ability to walk around the house naked... in peace