My manager's manager kinda does this. She flies her airplane back and forth between Yosemite area and the Palo Alto airport everyday. She loves flying and the numbers apparently penciled out for her to be able to afford to buy a house in Yosemite with access to a private landing strip, and buy the plane, fuel, and maintenance for cheaper than she could buy a house in the bay.
I think flight time is around 50 minutes. Depending on what time I leave the office she sometimes gets to her house up there before I get to mine in Cupertino.