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I would not under estimate transportation costs. Metro Vancouver recently did a study comparing affordability combining both housing and transportation costs.
by Tiktaalik 11y ago
I would not under estimate transportation costs.
Metro Vancouver recently did a study comparing affordability combining both housing and transportation costs. Once transportation was considered, Vancouver City proper dropped to one of the 3 most affordable Metro Vancouver cities, whereas outlying suburbs rose to least affordable. The gap in transportation costs between the cheapest and most expensive areas was several thousand dollars a year, possibly as high as $12k a year.
http://www.metrovancouver.org/services/regional-planning/PlanningPublications/HousingAndTransportationCostBurden.pdf http://www.metrovancouver.org/services/regional-planning/Pla...
- ryandrake 11y agoMight depend on the particular metro area. The cost difference between where I live, in the bumblefuck outer suburbs of the Bay Area, vs. a comparable (yet smaller) place closer to most usual tech businesses (either in SF or the Peninsula), is about $3-4K monthly. I've got cost/mile and cost/month records for my car(s) going back 15 years, including purchase price, insurance, fuel, and all maintenance, and it's not even close to $3K/month.
- nickpsecurity 11y agoExactly. It's similar in the Tri-State Area of the Mid-South. Most people in middle class to rich live in the suburbs. Reduces crime, headaches, property costs, etc with only a bit of commute on good Interstates and highways. I paid $550 a month plus $100 utilities for a good, 2-bedroom house that was 20 minutes away from city jobs or fun with 30-40 min away from downtown. Not a bad trade.