{"id":107871,"date":"2026-07-26T17:22:00","date_gmt":"2026-07-26T14:22:00","guid":{"rendered":"https:\/\/amlak.net.sa\/?p=107871"},"modified":"2026-07-26T17:20:14","modified_gmt":"2026-07-26T14:20:14","slug":"%d9%85%d8%a7-%d9%84%d8%a7-%d9%8a%d9%82%d9%88%d9%84%d9%87-%d8%a7%d9%84%d8%b3%d8%b9%d8%b1-%d8%8c%d8%8c%d8%8c","status":"publish","type":"post","link":"https:\/\/amlak.net.sa\/en\/107871\/","title":{"rendered":"The Economics of Place: What the Price Doesn't Tell You"},"content":{"rendered":"<p class=\"wp-block-paragraph\">When we buy a house, we calculate almost everything: the price, the size, the financing, and the monthly payment.<br>But there is another cost that does not appear in the purchase contract, although we may pay for it every day:<br><strong>Time<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Suppose we compare two homes that are similar in specifications; the first is more expensive but closer to work and services, and the second is less expensive but adds an hour per day to travel time.<br>At first glance, the second one seems more economical.<br>But if we assume 250 days of commuting per year, an additional hour per day means 2,500 hours over ten years; that is equivalent to more than 104 full days of life.<br>Here the question changes: Was the cheapest house actually the cheapest?<br>We are good at calculating what we pay in money, but we don't always count what the place takes from our time.<br>The time we spend on the road is not just a passing minute; it is part of our day that could have been spent with our family, at work, relaxing, or in other details that we make part of our lives.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">And the matter does not stop at the individual.<br>When this equation is repeated with thousands of residents, the wasted time is no longer an individual matter; it becomes a cost paid by the entire city: greater congestion, higher consumption, pressure on infrastructure, and fewer hours for production and life.<br>Here time becomes part of the economy of the place; a city that shortens its residents\u2019 day by one hour not only provides time, but also creates economic and social value that accumulates every day.<br>Therefore, we may need to broaden our understanding of the cost of real estate.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The price tells us how much we will pay to own the place, but it does not always tell us how much we will pay to live there.<br>When comparing two properties, it might be worth adding another question to the price and size:<br>How much will this place cost me in time?<br>We provide a portion of the property\u2019s price\u2026<br>Then we pay the difference based on our ages..<br><a href=\"mailto:alqoot@gmail.com\" target=\"_blank\" rel=\"noreferrer noopener\">alqoot@gmail.com<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading time: <\/span> <span class=\"rt-time\"> &lt; 1<\/span> <span class=\"rt-label rt-postfix\">Minute<\/span><\/span>When we buy a house, we calculate almost everything: the price, the size, the financing, the monthly payment. But there is another cost that doesn\u2019t appear in the purchase contract, even though we might pay it every day: time. Let\u2019s say we compare two similar homes in terms of specifications; the first is more expensive but closer to work and services, and the second is less expensive but adds an hour per day to our commute time. At first glance, the second one seems\u2026 <a title=\"The Economics of Place: What the Price Doesn&#039;t Tell You\" class=\"read-more\" href=\"https:\/\/amlak.net.sa\/en\/107871\/\" aria-label=\"Read more about The economy of the place.. What the price doesn\u2019t say\">Read more<\/a><\/p>","protected":false},"author":15,"featured_media":99949,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"amlak_video_sent":"","footnotes":""},"categories":[114],"tags":[],"class_list":["post-107871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinions-and-analyses"],"acf":{"amlak_post_excerpt":"\u0627\u0644\u0645\u0642\u0627\u0644 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