I commuted from Nottm to Man for circa 4 years and I vowed NEVER EVER again!!
It is expensive, tiring, stressful and a waste of valuable time. If you cannot live within a reasonable distance of your base (unless you are flying long haul) then find another job where you can do so!
You also miss out in other ways. If you are close to base it is no big deal to pop in and pick up company mail, have a chat with the nav/crewing dept etc and join any social "dos" which will mean you feel a part of the company and will indirectly enhance your career.
The traffic on the roads will only get worse and who can predict what will happen to the price of petrol?
Remember though that you can always come up with creative ideas for what is "home" - I have known pilots who have lived in narrow boats, camper vans and caravans to mention a few.