Quote:
Originally Posted by Full Mountain
One further thought this assumes that your time has no value, or the time requirements of both commutes are equal. Both of these would seem to be poor assumptions. If your $200k more expensive home had a 15 min/direction shorter commute you would save 112.5 hrs/year or at $20/hr = $2,250/year or approximately 89 years to achieve $200k in time.
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To bad the bank doesn't take time as payment on the mortgage
My time is worth something but since I'm on salary, it's only worth something to me. And it's not a dollar value. Unfortunately I'm still at a point in my life where every dollars counts and ...
Actually, I don't really need to justify what I do.