The assumption they are using is if two people each drive 30 miles each way to work and value their time at $25/hour, then they could take the cost of their commutes in money and time (valued at $25/hr) and spend that money on their mortgag…e payment to live closer to work. That couple could borrow an additional $900k and their annual payment on that debt would be about the same as their annual commuting cost. Does that make sense?
hot on elephant
A Letter to my Children: You do not come from a Broken Home. These People are Rare Gems—Keep Them, Fight for Them, don’t Give Up on Them. Mom, can I Call her Mom, Too? My Marriage had to End—for my Life to Begin. The Day I Stopped Running. Why your Yoga Goals are (Probably) Irrelevant, if not Downright Dangerous. Dear Woman in the White Car at Margaritas Mexican Grill in West Memphis, Arkansas on July 15th, 2012. Overcoming the Storm by Becoming the Storm. A Toast to PTSD: The Solution Starts with One Question. Hot Love with a Leo.