Related Posts
How’s litecoin doing? Thinking to invest in it.
More Posts
Hi fishers! I have offer and signed contract with Deloitte UK and my start day is in the beginning of April. I need skilled worker visa, and we haven’t applied yet for that. Screening and onboarding is in progress. Immigration team doesn’t reply since reached me out 1st time. How much time does it usually needed to go through the whole process? How many days take for visa to be approved since application?Deloitte
The new X7 looks like a faakin’ Kia….
Additional Posts in The Real Estate Bowl
New to Fishbowl?
unlock all discussions on Fishbowl.



Subject Expert
The 3 most important elements of real estate are location, location, and location.
There’s a reason why the houses in the good locations are higher… cuz more people want them. Buying 50 miles away would be fine if you aren’t commuting regularly and/or are likely to be able to get a job in that area in the future. But if your career growth options are limited out there, I wouldn’t consider that.
Subject Expert
Only you know your risk profile. Real estate tends to be fairly safe over a long enough time frame. But you also should have some emergency funds and contingency plans in place just in case.
Any options in between? Is there a neighborhood 25 miles from work that has a nice house (not a really nice house). I was faced with that decision years ago, decided to settle in a area that’s 30 miles from Manhattan, commute was longer, but manageable. The house wasn’t my dream house, but I was able to afford it without having to stretch.
Ok, I thought you are living close to your job now and deciding whether to move 50 miles further or not. Another deciding factor for me was the school district, especially if you have or plan to have kids.
How recession proof are your jobs? And how many months buffer do you have of emergency fund after purchasing the nice house?
My job is pretty secure but my partner is a contractor and will be looking for a full time role near the area we move to. We will still have 6 months emergency funds after purchasing the home
How many minutes is commute door to door? Car commute or train?
Currently, I commute between 45-55 minutes with traffic (28 miles) to our apartment. The new commute would be 50 mi, an hour and 3mins. But there is pretty much no traffic ever since I am going away from traffic
How bad is your commute today? Can you wait for a year? The competition for real estate is always going to be there.
My commute is 45-55 mins now (28 mi). We would prefer not to wait the year as we are trying to take advantage of some things now and have the cash
Mentor
50 miles is a long way. And putting 2000+ miles/month on a car has a cost too. I would not do a 50 mile commute unless it was just 1-2 days/week.
I wouldn’t buy more than ten miles away from your job. No one wants to put that many miles on their car and spend all that time in traffic. Better to have a stress free life.
Unless you REALLY love driving I’d look for the options that allow shortening the commute, even if it’s a house that you don’t adore. Happy to run numbers are purchase scenarios for you that help minimize your monthly payment!