http://steve-olson.com/the-high-cost-of-commuting-to-work/ For People Pursuing Freedom Sun, 22 Aug 2010 03:04:40 -0700 hourly 1 http://wordpress.org/?v=3.0.1 http://steve-olson.com/the-high-cost-of-commuting-to-work/comment-page-1/#comment-5399 SB Fri, 07 May 2010 04:31:54 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-5399 I think looking at the oppurtunity cost, one should be wise enough to know that staying in a job for 30 years would probably indicate you like, or at least need, this job. So looking for a closer house would be a good option instead of complaining about $2M in commute costs. I think looking at the oppurtunity cost, one should be wise enough to know that staying in a job for 30 years would probably indicate you like, or at least need, this job. So looking for a closer house would be a good option instead of complaining about $2M in commute costs.

]]> http://steve-olson.com/the-high-cost-of-commuting-to-work/comment-page-1/#comment-390 Hidden Costs of the Work Commute : JANE CHIN Sat, 07 Mar 2009 22:17:02 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-390 [...] Olson talked about the high price of commuting to work, and gave an example that we here in Southern California find familiar. A young couple that [...] [...] Olson talked about the high price of commuting to work, and gave an example that we here in Southern California find familiar. A young couple that [...]

]]> http://steve-olson.com/the-high-cost-of-commuting-to-work/comment-page-1/#comment-389 John Thu, 08 May 2008 22:05:01 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-389 Undoubtedly the cost would still be pretty high, but you should reduce the numbers a bit for adjustment to present value, because $100 30 years from now won't be worth as much as $100 today, even with no inflation (since you could invest the $100 today and get interest over a 30 year period and have substantially more than $100 30 years from now). For example, assuming interest rates of 5% per year, your opportunity cost in the 30th year would be only about $6,652. Your opportunity cost in the 15th year would be only $13,892. So the overall 30-year cost is probably substantially less than $862,500, although still quite a bit. Undoubtedly the cost would still be pretty high, but you should reduce the numbers a bit for adjustment to present value, because $100 30 years from now won’t be worth as much as $100 today, even with no inflation (since you could invest the $100 today and get interest over a 30 year period and have substantially more than $100 30 years from now). For example, assuming interest rates of 5% per year, your opportunity cost in the 30th year would be only about $6,652. Your opportunity cost in the 15th year would be only $13,892. So the overall 30-year cost is probably substantially less than $862,500, although still quite a bit.

]]> http://steve-olson.com/the-high-cost-of-commuting-to-work/comment-page-1/#comment-388 Anpadh Sat, 28 Apr 2007 13:52:52 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-388 In my humble opinion, we don't commute to work to work with work. We commute to work to work with people. And you can't do that from home. I'd much rather be in a large, friendly environment, where I can turn to the guy in the next cubicle and ask for his help than be alone at home, calling people's answering machines when I need help or even just someone to go to lunch with. There is more to life than opportunity cost. There is life itself. In my humble opinion, we don’t commute to work to work with work. We commute to work to work with people. And you can’t do that from home. I’d much rather be in a large, friendly environment, where I can turn to the guy in the next cubicle and ask for his help than be alone at home, calling people’s answering machines when I need help or even just someone to go to lunch with. There is more to life than opportunity cost. There is life itself.

]]> http://steve-olson.com/the-high-cost-of-commuting-to-work/comment-page-1/#comment-387 Time in Transit - Commuting at LifeParticles Fri, 13 Apr 2007 18:25:56 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-387 [...] There and Back Again: The Soul of the Commuter How long is your commute? Is it worth the personal and social cost? Nick Paumgarten in this week’s New Yorker on the bargains Americans strike between their work lives and home lives. Powered by Gregarious (34) [...] [...] There and Back Again: The Soul of the Commuter How long is your commute? Is it worth the personal and social cost? Nick Paumgarten in this week’s New Yorker on the bargains Americans strike between their work lives and home lives. Powered by Gregarious (34) [...]

]]> http://steve-olson.com/the-high-cost-of-commuting-to-work/comment-page-1/#comment-386 Girl on a Train Tue, 05 Dec 2006 09:00:37 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-386 Good calculation there.. from a fellow commuter Good calculation there.. from a fellow commuter

]]> http://steve-olson.com/the-high-cost-of-commuting-to-work/comment-page-1/#comment-385 SOUTHBAYBLOGS.COM » Blog Archive » Time, Money, and Hidden Costs of Commute Thu, 12 Oct 2006 22:37:21 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-385 [...] Those of us in So Cal can vouch for the high cost of commute that Steve Olson describes in his calculations. It does make working from home very attractive. [...] [...] Those of us in So Cal can vouch for the high cost of commute that Steve Olson describes in his calculations. It does make working from home very attractive. [...]

]]> http://steve-olson.com/the-high-cost-of-commuting-to-work/comment-page-1/#comment-384 Sam Tue, 10 Oct 2006 23:20:08 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-384 Eww... commuting is the devil... Maybe you should quit your job and start a blog. Eww… commuting is the devil… Maybe you should quit your job and start a blog.

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