Quote:
Originally Posted by RyLucky
Newly weds get it in their head that they need a backyard and a house under 300k. Or, someone with a young family gets a job offer in Calgary, coming from Belville or Prince Albert or St John, and they might not consider the traffic hell they could be getting into.
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I would agree with that in general.
While I take some flack for having the suburbia handle, I'm somewhat of a hybrid in this regard, IE I want it all. I've never stayed in a location without thought about commutes and being close to where I need to be, and on one occasion, declined a job offer for location (I gave them the option of paying me an extra two hours per day, one hour for each direction, which they rejected). And yeah, I've never taken a job in the downtown, save a work term while in school.
People moving out for the first time, irrespective of if they are going to buy or rent, need to consider quality of life and the concept of time is money. Consider the following calculations (these are rough numbers) If you live in Airdrie, as an example, the premium is 15km*2trips*250day*2people = 15,000km extra per year, which including gas, wear and tear, and depreciation is at least $0.50/km IE $7,500 extra cost per year, PLUS an extra 40min*250 = 160hrs * whatever you want to pay yourself. And that doesn't count increased risk of accidents, and the odd time where you're stuck for an hour. Basically, there is a premium of about $900 extra per month if you live out there, so if your rent is $200 or $400 less per month to live in Airdrie, it doesn't make sense. But people don't use their heads and think it through.
Don't argue the numbers - just used round numbers for incremental to prove a point.