Comment by UK-AL
9 years ago
The difficulty with the bike thing, is that the closer you are to cities the more housing costs.
The housing expense often costs more than owning a cheap car.
9 years ago
The difficulty with the bike thing, is that the closer you are to cities the more housing costs.
The housing expense often costs more than owning a cheap car.
He touches on that in this post (with numbers): https://www.mrmoneymustache.com/2015/07/27/rent-vs-buy/
Those numbers dont really work in the uk.
So what numbers do work in the UK? I'm from The Netherlands, and I also find that these numbers don't work for me. However, I have a spreadsheet with my own numbers and it shows I can retire about ten years earlier than the rest. And that's nothing to sneeze at.
I've found myself saying that phrase in response to a lot of MMM's posts.
Anywhere in the UK, or just in the largest few cities?
No worries, those numbers don't really work in the US either.
He owns and rents several properties. Rentier activity like this pushes up housing costs.
Try to quantify each commute kilometer, for example, each km costs 1,000 GBP in lost time, car expense, and psychological damage. Plug that into an equation then ask yourself if it is worth it to live closer to work or not.