Live closer to work

Traffic and long commutes take their toll. How much is your time worth?

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Many of underestimate the true cost of commuting, both in terms of stress and dollars.

Case in point: the Canadian Automobile Association calculates that a husband and wife can spend $140,000 over five years making the one-hour commute between Hamilton, Ont. and Toronto in separate Chevy Cavaliers.

Add to that the stress of sitting in traffic and the opportunity cost of spending less time with family and friends, and the higher cost of real estate in the city suddenly looks less disagreeable.

One comment on “Live closer to work

  1. Also you have to consider if you do move near work, which is far away from your friends and relative family, you will not spend as much time with them, not more as you suggest. That is a very good reason to stay if you can tolerate it. I think 2 hour both ways is max anyone wants to spend a day as a bench mark. Beyond 2 hours, you really start to cosider moving a little closer, maybe even halfway so you don't get too far from friends/family/work.

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