Cap City Savvy wrote
Stop Commuting Redux
by Eric on May 20, 2008
This image is nothing more than a fond memory right now… It’s actually the image I used in a May 2007 post entitled, “Stop Commuting…Buy a House Worth $74k More!“. We all know that gas is closing in on the $4 mark one year later, and it makes you wonder what those bright red letters will say in May 2009.
The point of this post isn’t to try to project the future price of gas, or fondly recollect on the good ole’ days of the past. Rather, it’s to revisit the economics of moving closer to work, ditching your car, and living a more compact lifestyle.
Last year, we used a tool available on the St. Louis Metro website to calculate the actual cost of commuting. Luckily, they’ve still got it posted on the site, so it’s as easy as plugging in some new values and converting the cost savings into a mortgage payment.
Related Story: