Tim, a chef earning $30 per hour, is considering moving to a new apartment. He currently rents a one-bedroom unit for $900 per month He pays for his own utlites, which total $2,400 per year.

The new apartment would cut down Tim's commute to work (15 minutes compared to the current 45 minutes). It would have rent of $2,000 per month, but all utilities are included After moving to his new apartment, Tim would be close to the Skytrain station (a monthly pass costs $150) so he would be able to sell his car Tim estimates his car would sell for $3,000 (he bought it last year for $5,000). He currently pays $225 per month for car insurance, along with $1,000 annually for repairs and maintenance He estimates that his fuel costs average out to $100 per week Tim expects to stay at the same location for the next the years- he aims to purchase a house then Advise Tim on the moving decision, including all relevant factors in your analysis.