as long as the 1st priority of renting a place is not jeopardize, its considerable to get the more expensive rent. However, if all you can think of is commute then I would say no. Certain things can be done during commute time, its a quiet time to think and plan for the day, at least for me it is. If I save those time by living nearer, it would most probably goes elsewhere like sleep a little longer, drink coffee in the office etc.
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