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You forgot to factor insurance, wear and tear on the car, and the cost of your own time that you spend in traffic - you are never getting those minutes back.
by Kluny 13y ago
You forgot to factor insurance, wear and tear on the car, and the cost of your own time that you spend in traffic - you are never getting those minutes back.
- chc 13y agoThis is about the marginal cost of commuting farther versus differences in rent, so fixed costs like insurance and intangibles like time do not factor into the equation. I agree that long commutes suck, but that's not the question here.
- coldtea 13y agoTime is not a fixed cost in both cases. It exists in commuting but not in living closer.
- chc 13y agoI think you must have replied to the wrong comment.
- Kluny 13y agoWhere I'm from, insurance cost goes up if you use it for commuting. Pleasure use means you use it less than 10 days a month and less than 6 for getting to work and back. So that's not fixed. Time is not intangible - you can count the difference in minutes. You don't need to convert minutes to dollar value because they have intrinsic value on their own.
- chc 13y ago> You don't need to convert minutes to dollar value You do if you want to pay your rent with them, which is what we're talking about here.