You should, and for several reasons, one of which is your bank account.

Todd Litman of the Victoria Transport Policy Institute presented research results at CNU 25 in Seattle in May.  It’s reported HERE by Robert Steuteville in “Public Square: A CNU Journal“.

The basis of Mr. Litman’s thinking is this: ” Urban fringe housing tends to be cheaper but has higher transportation costs, while housing in more accessible and multi-modal neighborhoods costs more, but households can save on transportation. These often offset each other, so households pay the same in total in both locations. However, urban housing tends to appreciate in value while vehicles depreciate, so Smart Growth housing tends to generate far more long-term wealth. “

Smart.Growth

Typical data:  Chicago area (thanks to CNU).

Car dependency enriches the oil industry and car manufacturers, and depletes municipal budgets, but people can follow better strategies for living and for building equity and wealth.  And city-builders can take note, and continue to focus on compact multi-modal development.

It looks possible that new services will arrive in the mid-term future which may provide low-cost transportation choices. But until then, the trade-off between housing and transportation costs seems like a bad one in the longer term.

CNU is the “Congress For the New Urbanism“.  “The Congress for the New Urbanism (CNU) helps create vibrant and walkable cities, towns, and neighborhoods where people have diverse choices for how they live, work, shop, and get around. People want to live in well-designed places that are unique and authentic. CNU’s mission is to help build those places. With seventeen local and state chapters and offices in Chicago, IL and Washington, DC, CNU works to unite the New Urbanist movement.”