Financial
confusion
City
mouse or suburban mouse, dollar for dollar
Scott
Denne
For Roger House
the move from Central Square in Cambridge to Arlington made good
financial sense. His rent is $500 a month cheaper and “the
sun always shines in Arlington,” he said sarcastically.
The average
price for a 2 bedroom apartment is $1100 per month in Arlington,
compared to $1800 in Boston according to the National
Association of Realtors. Although Arlington’s property
tax rate is slightly higher than Boston’s, buying a house
in Arlington costs almost half what it would in Boston.
Boston is surrounded
by suburbs that offer cheaper rents and lower housing prices. But
maybe that’s all they offer. Arlington, anyway does not offer
the young, diverse and exciting social scene of the city proper
“Socially,
it is not a very good location for young people,” said House,
adding that it is a “dead” and “dry” town
with very few places to meet friends for a drink.
But it is not
just the lack of a good watering hole that makes Arlington different
than Boston.
“It is
a middle aged, white family town,” said House, commenting
on Arlington’s lack of diversity, “with some nouveaux
riche Asian-Americans.”
The trade off
for his lower rent, House said, really comes in terms of the commute
to Boston.
On a normal
day with good weather it takes about 40 minutes to get from Arlington
to downtown Boston, where he works at Emerson
College. He takes a bus from Arlington to the red line. However,
when the weather is bad the commute can be much longer.
There are several
bus lines that go from Arlington to various stops on the red line;
but “what they all have in common is that when the weather
is bad they take much longer to show up,” said House.“When
you're standing out there in the elements in the morning you begin
to question if $500 a month is worth it.”
Commuting by
car does not improve the situation much. On a day without traffic
and ideal weather conditions it takes only about 20 minutes to drive
from Arlington to Boston. But when is there ever a traffic-free
commute to downtown Boston on a weekday?
The cost benefit
analysis of moving to the burbs must take parking fees in account.
The median monthly price of parking in Boston is $425; this is triple
the national average, according to Colliers
International.
There is something
to be said for pulling into a driveway, rather than driving around
the block 12 times at the end of a long day, but then that driveway
needs to be shoveled. And paying the price of airfare to Cancun
every month just to park your car at work blows.
Grim parking
scenarios in the city aren’t likely to change anytime soon,
either. The Environmental Protection Agency has placed a parking
freeze on Boston, preventing new parking space to be added anywhere
in the city, with the exception of South Boston.
House says
he will give Arlington another six months before he decides whether
he will stay; but he does offer this advice: “If you have
the money, stay in Boston.”
Scott Denne
can be reached at sdenne@theoysteronline.com
03/01/2006
| Permalink
|