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
She had asked for $250,000 when she came and she walked away with close to $400,000.
10 hours ago
The showrunners must have had a storm on their hands when they were called out.
11 hours ago
Steve Harvey burst out laughing when he heard that answer, as was the case in much of the round.
12 hours ago
The guest wanted more than $3,000 for the item but the expert crushed his hopes.
1 day ago
The game even had a twist which saw Drew Carey doing something special for the contestant.
1 day ago
One had to pay attention to catch the error, and the show has a lot of fans like that.
1 day ago
The contestant's nonchalant behavior after answering left everyone on the show stunned.
1 day ago
The host was left red-faced and he even apologized to the contestant later on for his actions.
2 days ago
The guest was not expecting the low valuation of his item given by the expert.
2 days ago
The host perhaps did not expect to hear that answer and was left impressed.
2 days ago
The contestant was over the moon with her victory, which she made look quite easy.
3 days ago
The guest could do nothing more than accept his bad luck, and that is exactly what he did.
3 days ago
The host had his head down and could not even look at the board as the answer was revealed.
3 days ago
Almost all of the answers given were either shocking or hilarious, or both.
4 days ago
The pawn shop owner had doubts about the beverage's condition and was proven right.
4 days ago
The pawn shop owner has always been a big fan of WWII memorabilia and this was no different.
5 days ago
The contestant turned to the audience for help and it paid massive dividends.
5 days ago
None of the three contestants wagered anything in the final round, which was a first.
5 days ago
Cuban was excited to try them on and did a good job despite not having too much experience.
5 days ago
The contestant, Christina Derevjanik became the biggest winner ever in the show's history.
6 days ago