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I live in a big city now (London UK) and take the train to work. Transport costs me much more than owning a car back when I lived in a town; even if you factor
by jondubois 9y ago
I live in a big city now (London UK) and take the train to work. Transport costs me much more than owning a car back when I lived in a town; even if you factor in depreciation, petrol, insurance, traffic fines etc... It's incomparable.
Every big city I've lived in (across many different countries) is similar in terms of transport costs so it's not just a UK thing.
The cost of living in suburbs is nothing. Peanuts. When I was working remotely living in a mid size town in Australia I was able to save up a lot of money very quickly. I just can't do this in a big city.
- hsod 9y agoHow much do you pay for the train every month?
- jondubois 9y agoMinimum £180 per month - $250 USD; that's just for my daily work commute. I usually pay extra for weekend travel.
- eesmith 9y agoI don't understand "incomparable" given that I gave three links which make that comparison. Here's another: https://www.fool.com/investing/general/2016/02/13/the-hidden-costs-of-living-in-the-suburbs.aspx https://www.fool.com/investing/general/2016/02/13/the-hidden... - "The New York Times did some research and found that the typical suburban lifestyle in the New York City area costs about 18% more than living in the city itself. ... The second link I gave does a breakdown. Some cites are more expensive than the suburbs, some are less expensive. In the US, the Dallas suburb is $14,128 cheaper than the center of town, while in Cleveland it's $9,034 cheaper to live in the city. What about that analysis do you disagree with? The analysis in that link makes two assumptions: 1) you commute into the city for work, and 2) you have a child. There are certainly other possibilities. I knew people who worked remotely from a small city (35K people) in Illinois for Wall St. firms, getting paid Wall St. wages. While it sounds like you are in a similar situation, you must certainly be aware that is relatively uncommon compared to the numbers of people who commute for work and have a child. Also, your example of living in a mid-size town is not living in the suburbs. I earlier wrote, "I think UBI is more likely to support living in small towns than living in the suburbs."