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Scenario 7: Low Rent vs. Short Commute
Say you are moving to a new town. You are trying to decide between two similar apartments which you could rent. The two apartments are identical in almost everything - including floor plan, amenities, neighborhood character, schools, safety, etc. However, they have different rents and are located at different distances from your work.
Option 1: A similar apartment, with only a 10-minute drive. The rent is about 40% of your monthly income.
Option 2: An apartment which requires a 45-minute drive to work. The rent is about 20% of your monthly income.
Question 1: Between these two options, taking all things together, which do you think would give you a happier life as a whole?
If you were limited to these two options, which do you think you would choose?