Cost of commuting and buying real estate far from your place of employment

Posted by Ben Nicolas on Friday, January 4th, 2013 at 7:25am.

Great blog post on DoctorHousingBubble.com recently discussing the true cost of commuting long distances to work:

 There is a lot more than just price of gas at hand:

 

  • Maintenance
  • Insurance
  • Car Payments
  • Parking
  • Express Lane/Toll Road charges
  • Opportunity cost of Time Involved (post brings up that people commuting far distances i.e.- travelling from outlying areas like lancaster, palmdale, san bernardino, riverside are essentially using an extra 8 hour day/week driving that they don't get paid for
  • This is time that could be spent with family, friends, exercising, doing your hobby or actually working for pay
 
I focus on selling city of Los Angeles Real Estate in the area from Hyde Park to Mount Washington, specifically these 11 zip codes: 90043, 90047, 90008, 90062, 90016, 90018, 90019, 90004, 90026, 90027, 90065
 
While I'm a Realtor and I make my money selling property for a living I can honestly say that in terms of quality of life you may be better off renting in the city than buying in the far outskirts.  This blog post does a great job of quantifying the cost of commuting.

 

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