commuter page final

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10 mins 20 mins 30 mins 40 mins 50 mins 1 hr 70 mins 80 mins 90 mins 100 mins 110 mins 120 mins 10 mins 20 mins 30 mins 40 mins 50 mins 1 hr 10 mins 20 mins 30 mins 40 mins 50 mins W a s h i n g t o n D C L o n d o n N e w Y o r k C i t y H o n g K o n g Where to live: the costs in time and money £1m £949.00 £323,577 Doncaster Petersfield £346.00 £997.09 £525,000 £680.00 £582,093 £997.09 £384.00 Cambridge Grantham Leesburg, Virginia Gaithersburg, Maryland $2.3m £334,383 £108.00 £662.09 £778,144 £415,811 £270.00 £749.09 £684,237 $2m $479,900 $6m $465,000 $300,000 $975,000 HK$9m HK$90m HK$5.5m HK$60m HK$5m HK$7,738 HK$6,845 HK$320 HK$140 HK$6,845 HK$6,371 HK$1,280 HK$340 HK$370 HK$650 $589,000 $399,900 $1.7m $1.2m $474,900 Aspen Hill, Maryland Potomac, Maryland Falls Church, Virginia Alexandria, Virginia Sevenoaks St Albans Kingston Bromley Happy Valley The Peak Ho Man Tin Repulse Bay Discovery Bay Clearwater Bay Scarsdale Croton-on- Hudson Greenwich, Connecticut Princeton, New Jersey New Haven, Connecticut Danbury, Connecticut $525.50 $150.00 $525.00 $366.50 $366.50 $102.50 $125.00 $311.00 $125.00 $311.00 £270.00 £749.09 £662.09 £149.00 $975.50 $304.00 $2m $659.50 $266.00 $659.50 $229.00 $237.00 $818.50 $818.50 $414.00 $975.50 $394.00 HK$6,371 HK$45m 50 50 20 20 10 10 20 20 114 50 145 50 80 80 50 50 20 20 16 16 8 8 4 4 10 10 Key Travel Darker shades – average prime prices Lighter shades – average mid-range prices Monthly cost of rail journey Monthly cost of car journey (includes fuel and parking) Average prime and mid-range property prices indicated by shading below Distance from city centre (miles) 00 Source: FT research FT | Saturday March 12 / Sunday March 13 2011 WEEKEND HOUSE & HOME Property Architecture Interiors Gardens Commuting: best of both worlds? Island Living Special From Skye to the Mediterranean and Grand Cayman Washington DC In the dark ages, I was pinioned in the straitjacket of train timetables from East Croydon and West Dulwich in London. Housing economics meant living where it was affordable and taking cheap day returns. I remember saying never again and, with luck, have managed it. From the Upper East Side, Hirakawacho, Georgetown and Islington, I’ve never been more than a short walk, bus, tube or lazy drive away from work. But I still feel the pain of the commuter because I hear about it morning and night on the radio – on WTOP in Washington, or WINS in New York. The transport and place names are like a drum roll, always the same – the LIRR, Amtrak, Marc, the Northern Line, the M23, I-66, the Outer Loop, the Occoquan, the Lincoln Tunnel and the BQE. If they are, like Adlestrop, just names, to be visited only in extremis, sometimes they have faces, like my wife’s assistant who, caught in a rush-hour snowstorm last month, took 12 hours to drive the 40 miles back to her exurban Washington home. Indeed, the nation’s capital, last in base- ball, is a perennial contender, along with Los Angeles, for the prize of the worst commuter traffic in the US (public trans- port use is up, though still spotty in its reach). But it is a price that people seem willing to pay for living the suburban dream – and the nightmares so exquisitely explored in the novels of John Updike, Richard Ford and Richard Yates or accept because there is no affordable alter- native. Life is all about trade-offs. Leesburg, Virginia, is about as typical as they come. Its population is about 40,000, it sits about 40 miles west of Washington and boasts a pleasant 18th-century downtown, with new housing developments, shopping malls and golf courses all around. The median home price is just $321,000, while $2.3m will buy a five-bedroom, 7,700 sq ft McMansion. But the average one-way com- mute into the big city will be at least an hour by road, which is the only real option; 83 per cent of its citizens will drive it alone, 10 per cent use a car pool and the rest take the bus or work from home. Those figures are not far off the national average. Even places such as elegant Greenwich in Connecticut, population 62,000, 35 miles from New York City, differ only in degree. The median home price is higher ($1.65m) while the current average listing price stands at a more representative $3.82m. It has excellent train services, 35-40 minutes into Manhattan and a monthly season ticket of $237, but 64 per cent still drive it alone and only six per cent share a ride, with around 18 per cent using public trans- port. With petrol approaching $4 a gallon at 20 miles per gallon, and tolls to be added ($8 into Manhattan, over $5 each way on the highway to Leesburg), costs do mount. The suburban expansion of the past 60 years has created employment opportuni- ties closer to home, theoretically cutting commuting. Just this month, a new toll highway opened, linking two Maryland suburban counties without going anywhere near the city itself. Telecommuting also grows apace. But the magnet of the big cities remains unchallenged; 1.5m people still commute into New York every day: over 20 per cent of the residents of Long Island and the Lower Hudson Valley work in it. Wash- ington’s daily influx is 400,000 – 80 per cent of its resident population. Maybe the escape each evening to the green grass of home makes it worthwhile – if you are not in traffic crossing the Occoquan. Jurek Martin is an FT columnist and former FT Washington bureau chief and foreign editor Big cities continue to exert a hold over working lives but not everyone enjoys the high octane thrills of urban living. Here, and on page 11, four FT writers examine the pros and cons of commuting. The chart explores commuting times and distances against location and average property prices in four major cities. Graphic: Natalie Croker Data compiled by: Izabella Scott London On weekday mornings Grant Clemence wakes up in the heart of the Hertfordshire countryside, lets his golden retriever out into the six acres of land surrounding his home, and takes in the idyllic surround- ings. Within an hour of leaving his house he can be sitting at his desk in the City of London where he works as a banker. Six weeks ago Grant and his wife Char- lotte sold their townhouse in Tufnell Park, north London, with its four bedrooms and 40ft garden, and moved to the village of Bishop’s Stortford, where they bought a seven-bedroom property with a cottage in the grounds. Apart from the rural location, the selling point was that it is just a few minutes’ drive to the station, from where the fast train reaches London’s Liverpool Street in just 37 minutes. “We are starting a family and I wanted more outside space,” says Charlotte, a designer who takes vintage pieces of furni- ture and transforms them into one-off pieces. “I also needed a showroom for my work.” The couple sold their London house for £1.2m and bought a property in the countryside for £1.7m. Continued on page 11

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Where to live:the costs

in time and money

£1m

£949.00

£323,577

Doncaster

Petersfield

£346.00

£997.09

£525,000

£680.00

£582,093

£997.09£384.00

Cambridge

Grantham

Leesburg,VirginiaGaithersburg,Maryland

$2.3m

£334,383

£108.00

£662.09

£778,144£415,811

£270.00

£749.09

£684,237

$2m$4

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$6m$465

,000

$300

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$975

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HK$9m

HK$90m

HK$5.5m

HK$60m

HK$5m

HK$7,738

HK$6,845

HK$320

HK$140

HK$6,845

HK$6,371

HK$1,280

HK$340

HK$370

HK$650

$589,000

$399,900

$1.7m

$1.2m

$474,900

Aspen Hill, MarylandPotomac,Maryland

Falls Church,Virginia

Alexandria,

Virginia

Sevenoaks

St Albans

KingstonBromley

Happy Valley

The Peak

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£270.00

£749.09

£662.09£149.00

$975

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Key

Travel

Darker shades –average prime pricesLighter shades –average mid-range prices

Monthly cost of rail journey

Monthly cost of car journey(includes fuel and parking)

Average prime and mid-range propertyprices indicated by shading below

Distance fromcity centre (miles)00

Source: FT research

FT | Saturday March 12 / Sunday March 13 2011WEEKEND

HOUSE&HOMEProperty Architecture Interiors Gardens

Commuting:best of bothworlds?

Island Living Special From Skye to the Mediterranean and Grand Cayman

Washington DCIn the dark ages, I was pinioned in thestraitjacket of train timetables from EastCroydon and West Dulwich in London.Housing economics meant living where itwas affordable and taking cheap dayreturns. I remember saying never againand, with luck, have managed it. From theUpper East Side, Hirakawacho, Georgetownand Islington, I’ve never been more than ashort walk, bus, tube or lazy drive awayfrom work.

But I still feel the pain of the commuterbecause I hear about it morning and nighton the radio – on WTOP in Washington, orWINS in New York. The transport and placenames are like a drum roll, always the same– the LIRR, Amtrak, Marc, the NorthernLine, the M23, I-66, the Outer Loop, theOccoquan, the Lincoln Tunnel and the BQE.If they are, like Adlestrop, just names, to bevisited only in extremis, sometimes theyhave faces, like my wife’s assistant who,caught in a rush-hour snowstorm lastmonth, took 12 hours to drive the 40 milesback to her exurban Washington home.

Indeed, the nation’s capital, last in base-ball, is a perennial contender, along withLos Angeles, for the prize of the worstcommuter traffic in the US (public trans-

port use is up, though still spotty in itsreach). But it is a price that people seemwilling to pay for living the suburbandream – and the nightmares so exquisitelyexplored in the novels of John Updike,Richard Ford and Richard Yates – oraccept because there is no affordable alter-native. Life is all about trade-offs.

Leesburg, Virginia, is about as typical asthey come. Its population is about 40,000, itsits about 40 miles west of Washington andboasts a pleasant 18th-century downtown,with new housing developments, shoppingmalls and golf courses all around. Themedian home price is just $321,000, while$2.3m will buy a five-bedroom, 7,700 sq ftMcMansion. But the average one-way com-mute into the big city will be at least anhour by road, which is the only real option;83 per cent of its citizens will drive it alone,10 per cent use a car pool and the rest takethe bus or work from home. Those figuresare not far off the national average.

Even places such as elegant Greenwichin Connecticut, population 62,000, 35 milesfrom New York City, differ only in degree.The median home price is higher ($1.65m)while the current average listing pricestands at a more representative $3.82m. Ithas excellent train services, 35-40 minutes

into Manhattan and a monthly seasonticket of $237, but 64 per cent still drive italone and only six per cent share a ride,with around 18 per cent using public trans-port. With petrol approaching $4 a gallonat 20 miles per gallon, and tolls to be added($8 into Manhattan, over $5 each way onthe highway to Leesburg), costs do mount.

The suburban expansion of the past 60years has created employment opportuni-ties closer to home, theoretically cuttingcommuting.

Just this month, a new toll highwayopened, linking two Maryland suburbancounties without going anywhere near thecity itself. Telecommuting also growsapace. But the magnet of the big citiesremains unchallenged; 1.5m people stillcommute into New York every day: over 20per cent of the residents of Long Island andthe Lower Hudson Valley work in it. Wash-ington’s daily influx is 400,000 – 80 per centof its resident population.

Maybe the escape each evening to thegreen grass of home makes it worthwhile – ifyou are not in traffic crossing the Occoquan.

Jurek Martin is an FT columnist andformer FT Washington bureau chief andforeign editor

Big cities continue toexert a hold overworking lives but noteveryone enjoys the highoctane thrills of urbanliving. Here, and onpage 11, four FT writersexamine the pros andcons of commuting.

The chart explorescommuting times anddistances againstlocation and averageproperty prices in fourmajor cities.

Graphic:Natalie CrokerData compiled by: IzabellaScott

LondonOn weekday mornings Grant Clemencewakes up in the heart of the Hertfordshirecountryside, lets his golden retriever outinto the six acres of land surrounding hishome, and takes in the idyllic surround-ings. Within an hour of leaving his househe can be sitting at his desk in the City ofLondon where he works as a banker.

Six weeks ago Grant and his wife Char-lotte sold their townhouse in Tufnell Park,north London, with its four bedrooms and40ft garden, and moved to the village ofBishop’s Stortford, where they bought aseven-bedroom property with a cottage inthe grounds. Apart from the rural location,the selling point was that it is just a fewminutes’ drive to the station, from wherethe fast train reaches London’s LiverpoolStreet in just 37 minutes.

“We are starting a family and I wantedmore outside space,” says Charlotte, adesigner who takes vintage pieces of furni-ture and transforms them into one-offpieces. “I also needed a showroom for mywork.” The couple sold their London housefor £1.2m and bought a property in thecountryside for £1.7m.

Continued on page 11