Bedroom Community
The definition of a bedroom community, or commuter town in real estate is a unique type of community that merely uses their homes to sleep, while doing everything else offsite. In a bedroom community, people work, eat and engage in recreational activities away from their homes, only returning to their domiciles to sleep.
These communities are a fascinating phenomenon, characteristic of the unique social paradigms in large cities that manifest due to the dynamic nature of modern metropolitan life. Now, let’s look at an example of a bedroom community, and exactly what life looks like in one of these unique areas.
Pros and cons of living in a bedroom community
In the past half-century, bedroom communities have cropped up across the United States, in virtually every major metropolitan city. A desire to escape the traffic, pollution, high crime rates and other woes inherent to city life has resulted in the forming of many such neighborhoods and suburban areas, as families increasingly migrate outwards into the periphery of major cities.
There are many intrinsic advantages to living in a bedroom community. Safety, better schools, cleaner air and less noise pollution all contribute to a higher standard of living than one would find in an urban environment. Many suburban areas are actually bedroom communities, albeit unbeknownst even to many that live there.
Despite the intrinsic advantages that accompany bedroom community living, there are also downsides that have to be acknowledged. Commuting to and from work eats into family time, Shopping becomes difficult when most stores are at a considerable distance from home and maintaining a social life with friends in the city becomes draining after a while.
Weighing the upsides and the negatives, it’s safe to say that living in a bedroom community is ultimately a matter of personal preference. For some, it is well worth the inconveniences; for others, it is simply untenable as a way of life.
Popular Real Estate Terms
Written agreement in which the lessee pays rent to the lessor for the use of real property for a stated time period. An example is the tenant's rental of an apartment or office space. ...
Measure of the value of all goods and services produced by the economy within its boundaries and is the nation's broadest gauge of economic health. GDA is often a measure of the state of ...
Board used when connected as a floor. It may also be used as a strip in a wall or door. ...
Restraining a person or business from denying an appropriate conveyance of property evidenced by a deed has given. ...
(1) Reconciling the records to show agreement. (2) Agreement of the records to physical amounts. ...
The term after-tax rate of return calculates an investor’s net return after income taxes. The calculation is used by many businesses and investors to determine their real earnings. ...
Monitoring and administrating a mortgage lien after it has been made. This may include monthly payments, record keeping, handing tax and insurance record, and foreclosure of property. A ...
Schedule which is part of Form 1040 showing income or loss from real estate transactions including net rental income (rental revenue less rental expenses). ...
The definition of acquisition cost in real estate is the total cost recorded by a company or individual pertinent to the purchasing of a property. This is the entire amount written down in ...
Have a question or comment?
We're here to help.