Jens 'n' Frens
Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.

"A strong conviction that something must be done is the parent of many bad measures."
  -- Daniel Webster

Thursday, August 17, 2006 :::

Assuming a full-time job, $3 gas, 26 mpg and 50 cents a mile for maintenance and no parking fees, a 50-mile roundtrip commute costs $646.15 a month, or $7,753.80 a year, according to the City of Bellevue, Wash.'s, Commute Cost Calculator.

Moving closer to work boosts your house-buying power. Everything else being equal, a 10-mile, roundtrip commute costs just $1,550.76 yearly -- saving about $6,200 per year, or $517 monthly. That can add about $80,000 to the total amount of a mortgage loan, says one Chicago lender.
Most of that cost is the maintenance, not gas; you're looking at about a 10% increase in expense since the gas price has doubled using their numbers. That's only $200/mile in house price different from what it was when gas was cheaper, but it still might have a slight tendency to draw people toward cities and increase the gradient in housing prices until a tighter, more gas-efficient equilibrium is reached.

Incidentally, I understand (though I haven't checked this myself) that most of the drop in core wholesale prices reported earlier this week was due to a drop in prices of light trucks.

::: posted by dWj at 10:58 PM

Comments: Post a Comment

Comment Policy

Dollars and Jens
Steven's web-site

Kitchen Cabinet
Colby Cosh
The Volokh Conspiracy
The Corner
The Bleat from James Lileks
Tim Blair
Daily Ablution
Mickey Kaus
Dave Barry
How Appealing
Virginia Postrel
Reason's "Hit and Run"
Captain's Quarters
Roger L. Simon
Power Line
IWF's InkWell
Blogs for Bush
Chetly Zarko
Signifying Nothing
Cosmo Macero
Hub Blog
Ex Parte from Harvard Law's Federalists
Harvard CR blog
Priorities & Frivolities
Daley News
Emil Levitin
Politica Obscura
Wave Maker
Town Watch
Worcester County Repubs

Election '08
Don't Vote
Dave Barry
John McCain

Other Sites of Note
Townhall columnists Cambridge Republican City Committee
Cambridge Chronicle
Robert Winters
Boston Herald
Boston Globe
Boston Metro
Channel 5
Commonwealth Mag
Fox News
Massachusetts Republican Assembly
Robert Benchley Society

U.S. Constitution
9/11 commission report [7 Meg PDF]
Iraq Survey Group report
Fahrenheight 9/11 deceits


Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.

Powered by Blogger