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View Poll Results: City Home Versus Apt
city home 3 33.33%
apartment 0 0%
just commute 6 66.67%
Voters: 9. You may not vote on this poll

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Old 04-19-2015, 09:52 PM
 
179 posts, read 378,656 times
Reputation: 132

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coworker has a home in one side of the metro area, and has a 40 min commute to work. they are considering buying a "city-home" during the week closer to work to circumvent the daily drive. i purposed maybe an apartment, but they see otherwise, because of the option to rent one of the properties out in the future. what would be the most economical and logical option, and or other options for this person?
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Old 04-20-2015, 06:55 AM
 
179 posts, read 378,656 times
Reputation: 132
poll posted, please reply. thanks
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Old 04-20-2015, 04:57 PM
 
2,324 posts, read 2,906,567 times
Reputation: 1785
40 mins isn't that bad for Atlanta standards, so do the commute.
Frankly I find having a 2nd mortgage just for this reason a scary proposition. Why pay the extra taxes and maintenance. What happens in the event of layoffs. How do you fund retirement.
If its that bothersome sell the house in the burbs and rent or buy something close to work.
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Old 04-20-2015, 05:06 PM
 
Location: North Carolina for now....ATL soon.
1,236 posts, read 1,399,204 times
Reputation: 1318
Took the words right out of my mouth. I second this ^^^^^!
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Old 04-20-2015, 05:22 PM
 
Location: Atlanta, GA
696 posts, read 1,301,604 times
Reputation: 597
I voted "just commute", like DaBurgh pointed out 40 min each way is not significant enough to justify a second mortgage unless the friend in question is fairly rich/well-paid and can afford to do that without putting a major dent in savings...
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Old 04-20-2015, 05:23 PM
 
2,530 posts, read 4,772,627 times
Reputation: 2053
40 minutes does not justify a second mortgage - commute.

2nd mortgage on a potential rental property is very dependent on your financial situation - can't make a blanket call on that one.
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Old 04-20-2015, 07:14 PM
 
1,517 posts, read 1,665,735 times
Reputation: 2526
Just commute. 40 minutes is not that bad in a major metro like ATL. Tell 'em to come drive thru the DC area's metro during rush hour. They'll learn to appreciate that 40 mins.
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Old 04-21-2015, 03:59 PM
 
Location: Atlanta
2,862 posts, read 3,821,216 times
Reputation: 1471
Quote:
Originally Posted by thrudaluknglass View Post
coworker has a home in one side of the metro area, and has a 40 min commute to work. they are considering buying a "city-home" during the week closer to work to circumvent the daily drive. i purposed maybe an apartment, but they see otherwise, because of the option to rent one of the properties out in the future. what would be the most economical and logical option, and or other options for this person?
First of all, 40 minutes is not a long commute in ATL. If they are happy where they are, then they should just be OK with it.

It sounds like the main question is to buy or rent? Well, it depends on the housing market which seems to be pretty buyer-friendly right now. Otherwise, it is better to rent for a bit until they determine where they'd like to set down roots in the area. Sometimes you can't know what you need to know about how you feel about a place until you actually live there.
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Old 04-21-2015, 05:27 PM
 
6,610 posts, read 9,034,729 times
Reputation: 4230
A 40 minute commute would drive me insane, so it depends on the person. But I wouldn't have 2 places - I would just move closer to work.
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Old 04-21-2015, 07:25 PM
 
Location: Ono Island, Orange Beach, AL
10,744 posts, read 13,384,671 times
Reputation: 7183
If you have the change, do what makes life more pleasant. If you don't, then simply commute.
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