Housing Search Trade-Off: Price vs. Commute Time

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Housing Search Trade-Off: Price vs. Commute Time by Mind Map: Housing Search Trade-Off: Price vs. Commute Time

1. scarcity

1.1. it is the scarcity of centrally located housing that fores people to live further away from where they work, thus requiring them to communte

2. efficiency

2.1. the negative impact of commuting on a worker's wellbeing may negatively affect their work quality, and the wasted time spent commuting makes their use of time inefficient

3. wellbeing

3.1. commuting has a very negative impact on wellbeing- "stress that doesn't pay of"

4. intervention

4.1. public transport can be a way to make commuting both more efficient and less expensive, and also allows workers to potentially work en-route (wasting less time)

5. choice

5.1. consumers choose between longer commute and lower cost or shorter commute and higher cost

6. change

6.1. the increasing scarcity of centrally located housing is causing more people to need to move further away, contributing to an overall decrease in wellbeing for commuters

7. sustainability

7.1. if a commute is done by car or any private vehicle with a negative environmental impact, commuting regularly can have a detrimental impact on the climate. this can be improved by having more public transport or commuting shorter distances or by foot or by bike, but this is not possible in all cases

8. interdepedence

8.1. if commuters do use public transport to get to work, they become interdependent, and rely on their driver to get them to work. even if they drive or travel alone, they still risk traffic affecting their commute, and are therefore still somewhat dependent on others

9. equity

9.1. the high prices that must be paid for housing that provides a short commute are not affordable enough for many people, requiring them to have a longer commute and therefore causing their wellbeing to suffer.