Happiness Tip of the Day: Ditch the Commute

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From Alex Tabarrok on homebuying:

One final point: behavioral economics tells us that we quickly get used to big houses but we never get used to commuting. So when you have a choice, go for the smaller house closer to work.

A thousand times yes. Obviously not everyone has this choice, and it’s not practical to move every time you get a new job. But yes, if you have the option, try to keep your commute under 20 minutes.

Want something more quantifiable? Here are two of “The Rules” from Joel Garreau’s Edge City, a dated but wonderful book about the building of suburbia:

The maximum desirable commute, throughout human history, regardless of transportation technology: 45 minutes.

Cevero’s law of the value of time wasted in traffic jams: People view the time they waste in a traffic jam as equal, in dollar value, to half their hourly wage. For example, if you make $50,000 per year, that’s $25 per hour. That means you’ll pay $3.12 each way per day to cut 15 minutes off your commute. That’s about $125 per month, which scales to about $30,000 in the price of a house.

That sounds low to me—in Southern California that’s a rounding error in the price of a home—but it’s at least a good starting point. If you can buy a house 15 minutes closer to work for $30,000 more, grab it. If it’s $50,000 more, behavioral economics says you should ignore your financial angst and grab it anyway. If it’s $100,000 more, you might need to think things through a little harder. Or, as Tabarrok suggests, settle for a small house near work at the same price as the bigger house in the burbs. You probably won’t regret it.

Anyway, from personal experience I can tell you that short commutes are great. And the greatest commute of all? A walk down the stairs each morning. That’s hard to beat.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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