ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Student Saves Rent Expenses by Flying Twice Weekly for College

Chen shared his unconventional approach on Reddit, detailing his method of attending two classes weekly
PUBLISHED FEB 21, 2024
Cover Image Source: Commuting through flights is much easier than renting an apartment these days | Unsplash | Photo by Suhyeon Choi
Cover Image Source: Commuting through flights is much easier than renting an apartment these days | Unsplash | Photo by Suhyeon Choi

Nowadays, accommodation is becoming a financial burden due to soaring rental rates, prompting individuals to seek inventive methods to economize. A particular case gaining traction involves a University of British Columbia student opting to fly to attend classes rather than renting in Vancouver, recognizing the exorbitant housing costs there. Shared on social media, this strategy has sparked widespread discussion online.

Tim Chen shared his unconventional approach on Reddit, detailing his method of attending two classes weekly at UBC, which necessitates his presence on campus solely on Tuesdays and Thursdays. "I've been using Air Canada for all my flights, and in January alone, I made seven round trips like this," he said.

His strategy involves flying from Calgary to Vancouver in the morning and returning the same day, thus avoiding the need for accommodation in Vancouver. By leveraging this tactic, he asserts that he can save rent, opting to reside with his parents in Calgary and incurring only minimal utility expenses. He estimates the cost of his flights to be approximately $150 per round trip, amounting to roughly $1200 monthly. In contrast, renting a one-bedroom apartment in Vancouver could potentially set him back around $2100.

Cover Image Source: Pexels | Ahmed Muntasir
Image Source: Pexels | Photo by Ahmed Muntasir

This phenomenon, termed "super-commuting," has garnered attention from the University of British Columbia, acknowledging the housing challenges faced by its students. "We recognize that finding affordable rental accommodation in Vancouver and Kelowna is a challenge for some of our students, as it is for others renting in the communities," said Andrew Parr, the Associate Vice-President of Student Housing at UBC.

Screenshot of the comment under the post. Image Source: Reddit|@u/brownsugar1041
 Image Source: Reddit | @u/brownsugar1041

Chen's Reddit post garnered varied responses, with some users expressing admiration for his ingenuity in cost-saving, while others voiced concerns regarding the feasibility and sustainability of frequent air travel for educational purposes. "It’s honestly doable. The flight is pretty quick, and good deals on flights would be way less than rent, food, and other costs," someone commented.

Another user expressed, "That just shows what an absurd situation we are all on the lower mainland." Meanwhile, another remarked, "That doesn’t really make sense. $100 one way * 2 there and back * 2 days a week * 4 weeks = $1600. That’s decent rent money."

Some users shared similar experiences of flying for work or classes to avoid high rental costs. Others suggested leveraging student programs offered by Air Canada to further reduce travel expenses. Someone even wrote, "Bro just find a cheap rent. If you monitor Craigslist, you can find rent for less than $1000 with a good deal."

Screenshot of the comment under the post. Image Source: Reddit|@u/brownsugar1041
Screenshot of the comment under the post. Image Source: Reddit|@u/brownsugar1041

Reportedly, Vancouver is Canada's most expensive city for renters. The average listing for a two-bedroom unit is $3,777. These statistics highlight a prevailing trend wherein fewer individuals are aspiring to become homeowners, thereby contributing to the upward trajectory of rental prices. With an average rent of $2,700 for a one-room apartment, it is financially unfeasible for individuals, especially students to afford accommodation in the city.

MORE ON MARKET REALIST
There are reasons for potential buyers to be positive but one has to be wary.
1 day ago
The story of the Lalonde twins will surely go down in the show's history after recent events.
1 day ago
The audience in the studio had a great time watching this round play out.
1 day ago
Several of these retailers have seen an increase in revenue as a result.
2 days ago
Former Biden administration Commerce Department Secretary Gina Raimondo has joined Costco.
2 days ago
The retailer had issued a voluntary recall for the products a few weeks back.
2 days ago
"I hope the bonus round wins tomorrow so that we have 3-5 this week," a fan reacted.
2 days ago
The company has said that this was a way they were looking at to improve delivery service.
2 days ago
There is a chance that the administration can utilize certain legal pathways to keep the tariffs.
2 days ago
The hilarious round saw host Steve Harvey shocked into silence on a few occasions.
2 days ago
Ramsey offered insights into how millionaire couples build wealth.
3 days ago
Many have stood with the President in support of the move but there are some naysayers.
3 days ago
Scammers are getting smarter by the day and one always needs to be wary about them.
3 days ago
She did her best but her choice of letters was not good enough.
3 days ago
Shoppers are urged to be wary of the product and throw them away if purchased.
3 days ago
Despite their point of difference, both masters of trivia have a lot of respect for one another.
3 days ago
The product in question contained peanuts, a known allergen, and was mislabeled.
4 days ago
In an interview, Pichai stated that organizations will need to work through the disruption.
4 days ago
The money from the donation will go to millions of children and will help them be financially secure.
4 days ago
Kiyosaki urged people to invest in precious metals and cryptocurrency to be prepared.
4 days ago