Buyers Would Drive Farther to Own a House
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Southern California home shoppers who now commute a median 24 minutes to work have indicated they would be willing to increase that to 34 minutes to own a single-family home--but would commute only 23 minutes for an apartment conversion.
They were surveyed by Great Western Real Estate (formerly Walker & Lee) over two months throughout Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties. A survey in 1982 found that home buyers with a median commute of 21 minutes would increase it to only 27 minutes for a single-family home.
The primary motivating factors were given as tax advantages and investment potential, the desire to live in a better neighborhood, a larger house, for new design features and for energy efficiency and better schools.
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