Cost of commuting and buying real estate far from your place of employment
Posted by Ben Nicolas on
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
28115 Views, 0 Comments