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BART fares are up as of January 1, 2008 – 10 to 30 cents per trip. Minimum fares are now at $1.50, while longer trips, such as Millbrae to Pittsburg are up to $6.60.
Small adjustments like this may not seem like much, but over time they can add up. Understanding the costs of homeownership means consideration of several overlooked factors – such as commuting costs. When fuel and transportation costs on the rise, something called an “affordability index” is altered. This might make the less-expensive homes in the outer-lying metro areas effectively more expensive.
When planning a new home purchase, it is best to be cognizant of all true costs associated with your decision. BART fare inflation might be small one, but there are so many other factors worth evaluating. Make sure you understand how to evaluate variables like this, opportunity cost, etc. You can email me if you have questions.