http://www.steve-olson.com/the-high-cost-of-commuting-to-work/ On a Quest for Personal Freedom Thu, 28 Aug 2008 17:57:19 +0000 http://wordpress.org/?v=2.5.1 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-95090 John Thu, 08 May 2008 22:05:01 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-95090 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://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-18325 Anpadh Sat, 28 Apr 2007 13:52:52 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-18325 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://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-15956 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-15956 [...] 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://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-2100 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-2100 Good calculation there.. from a fellow commuter Good calculation there.. from a fellow commuter

]]> http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-191 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-191 [...] 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://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-172 Sam Tue, 10 Oct 2006 23:20:08 +0000 http://www.steve-olson.com/the-high-cost-of-commuting-to-work/#comment-172 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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