Do commuting costs really offset the the cost of housing?
According to a report published in the Boston Globe Monday, people who move to the suburbs to find affordable housing “often sacrifice the savings to higher transportation costs.” This report strikes me as overly simplistic…taking just two of the many variables homebuyers take into consideration when purchasing a home. Sure, you can find examples of “affordable” housing in Boston and Cambridge…but would these homes have the same square footage, yard area and other amenties homebuyers consider when purchasing a home? My experience tells me no. Of course most homebuyers would prefer a shorter commute to work, however, other factors such as the quality of a school system and recreation facilities and are just a few of the many other factors home buyers take into consideration when purchasing a home. Often times families must balance the commutes of two spouses, proximity to family or quality day care—the list goes on and on! Yes, transportation costs must be factored into everyone’s household budget…just remember to look at the big picture, not merely two pieces of a complicated puzzle.
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