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Brandon Sommerville <[EMAIL PROTECTED]> wrote: > On Thu, 27 Nov 2003 19:09:55 -0500, [EMAIL PROTECTED] (RJ) wrote: > > >Brandon Sommerville <[EMAIL PROTECTED]> wrote: > > > >> On Wed, 26 Nov 2003 22:06:13 -0600, [EMAIL PROTECTED] > >> (Matthew Russotto) wrote: > >> > >> >You'll have to spend more on that home to live within bicycling > >> >distance of just about everything you need. > >> > >> Factor in the extra hour of commuting each way and add that cost to > >> the price of your current home. Still a good deal? > > > >For my last move, buying a house within bicycling distance from where I > >work would have cost $200,000 to 300,000 MORE than I paid for the house I > >bought. > > That doesn't change what I said. Multiply your hourly wage times > however many hours you commute during the year, times however many > years you'll be commuting. > > Let's assume $25/hr, with an hour's commute either way. That's > $250/wk, times 48 weeks, we're now at $12,000/yr. No, it's zero. My income is unaffected by my commute. I only commute 2 to 3 days a week anyway. >Factor in fuel and maintenance costs, never mind parking, and suddenly >the cost of living an hour's commute away isn't as cheap, is it? >There's a lot more to cost than just cash unfortunately. Parking is free for me. A mortgage in the area where I work was infeasible under any possible assumption.
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