Posted April 18, 200817 yr http://www.washingtonpost.com/wp-dyn/content/article/2008/04/12/AR2008041200150.html Mapping Transportation Costs for Home Buyers The Washington Post By Elizabeth Razzi Sunday, April 13, 2008; Page F05 When you're stuck in Beltway traffic burning $3-a-gallon gasoline to creep along at walking speed, it offers time to think. Would it be easier if I left home earlier? Would I be better off riding a train? How bad will my commute be in five years? Would life be easier and cheaper if I found a job in Pittsburgh or Nashville or some other place where the roads aren't as crowded and the homes aren't so expensive? A new Web-based tool developed by the Center for Neighborhood Technology, a Chicago-based urban development think tank, can help put facts behind those daydreams. The CNT developed a Web site, at http://htaindex.cnt.org, that takes into account household expenditures for transportation, along with home prices, to estimate whether a home is truly affordable for households with moderate incomes. ..
May 2, 200817 yr Expected commuting costs should factor into the home mortgage approval process, just like income, short term debt, and other expenses.
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