Quote:
Originally Posted by MarchHare
How do you figure it costs an extra $50-100k to live downtown? My wife and I bought a condo in the beltline in 2007 (when real estate prices in Calgary were at their peak) for about $300k, which is similar or even less than the price of most homes in the suburbs. Moreover, we don't pay a dime for our daily commutes, saving us thousands every year.
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I doubt the square footage of the property is close to the same. Plus the cost of parking your vehicle somewhere. Why compare apples and oranges? Its worthwhile for you to live there since you have no commute. But I know a few people who lived and worked in the burbs that moved downtown for the same reason you outlined in your original post, be closer to the party scene. I just think you can take a hell of a lot of cab rides for the additional cost of living downtown.