I live in California and commute 1 hr 45 min each way via train and e-scooter or drive the same time twice a week. I rent a room in a relative’s home for $800/month, keeping expenses low. I'm close to paying off my car, eliminating a $650 monthly car payment.
I’d rather own than rent, but condos near work cost $560K–$650K. Buying would cut my commute to about an hour by train, however raise my expenses to about $4,000 a month. I feel CA real estate won’t drop, so locking in now seems smart, but $600K for a 1,300 sq. ft., 3-bed, 2.5-bath condo (plus $280 HOA) with a mortgage + utility payment of about $4,000 feels steep. I do enjoy my current financial flexibility.
Any thoughts or suggestions?
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source https://www.reddit.com/r/RealEstate/comments/1j74rd5/ca_should_i_relocate_closer_to_job_or_continue/
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