All the respondents bring up valid points. Out of curiosity we did a quick Google search on your question and found an interesting blog post that tries to answer your question in a quantitative and qualitative method.
http://www.mymoneyblog.com/housing-search-trade-off-price-vs
we also found what seems to be a thesis paper on the subject matter from someone at Iowa state:
http://www2.econ.iastate.edu/faculty/orazem/commute.pdf
Hope this helps!
A simple way to think about it is in terms of what you really want and weighing that against what you'll have to do to get that. That's where the value lies for you. Of course, there are other considerations that may affect your thought-process as well. In the final analysis, it is about your personal choices.
However, a good agent can help you in making the right choices for you by informing you about the market, its trends, listening to you and focusing the search. An initial consultation with such an agent can be invaluable. Please set one up with an agent you feel a connection to.
Feel free to call me at 415-200-7202.
Six extra minutes one way is an hour a week, fifty hours a year - three full days plus spent on the road?
Best of luck,
Oggi Kashi - 415.690.3792 direct
Broker Associate, Paragon Real Estate Group CA DRE 01844627
All data from sources deemed reliable but subject to errors and omissions, and not warranted.
The Peninsula, Marin and East Bay are generally noted for more space for the money but with an ecological and economic cost as well as time if you're commuting into the city. (Rising gas prices) There's also not a significant drop off in home prices for comparable neighborhoods until you get well away from the center of the Bay Area.
Spending less / finding value with a short commute in SF can be challenging and depends on how much flexibility you have in deciding which neighborhood works best for you.
Work with an agent that will listen to your needs, present different options and help you decide where best to spend your time and energy while buying your property. Best of luck!
Matt Ciganek
Barbagelata Real Estate
415-240-9901
mattc@realestatesf.com
Lots of trade offs. Sorry, but there is no one answer that fits all.
Astrid Lacitis
Keynote Properties
415 860 0765
as well - specifically, the N-Judah train, which is supposed to be one of the more frequently run lines in the city.
Driving took about 30 to 45 minutes consistently each day. Muni fluctuated from a minimum of 20 minutes to a maximum of 90 minutes at times. Of course, you'd have to factor in that you have to pay for parking in some cases and gas. However, the Muni fare, while inexpensive by comparison, comes with the externalities too - i.e., other passengers etc.
Thinking about it as a realtor, commuting and access to public transit is just one factor in the mix. Like the Muni, inconsistency and variety is the name of the game. Sometimes clients don't care, other times clients want to as far away from a Muni rail line as possible and others insist upon being near to Muni or Bart. Most realtors will focus on a location's Walk Score instead. Take a look at walkstore.com to see and 511.org. Hope that helps!
