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I hear people make this argument all the time, but it makes no sense to me. How does a car "put you down in one place" or "prevent you from moving easily"? A h
by maxsilver 7y ago
I hear people make this argument all the time, but it makes no sense to me.
How does a car "put you down in one place" or "prevent you from moving easily"? A house prevents you from moving, a car literally moves you to many places. Cars are inherently mobile, that's kind of the whole point.
Similarly, a car is not a huge investment. A house is a huge investment. College is a huge investment. Any trip to a hospital in the US is a huge investment. Cars are cheap, all things considered. It's a climate-controlled, roll-cage-protected closet, with a built in luxury couch + radio + satnav system + emergency cellular connection, that can also propel itself quickly and reliably for hours at a time. And the total cost of ownership for most people is somewhere less than $300/month or so (even when including a loan payment for the upfront price). That's pretty darn cheap.
I could own 5 extra cars, for less than the cost of a single tiny 1bed apartment. I could own 3 extra cars, for less than the cost of daycare for one child. I could own 3.5 extra cars, for less than the cost of health insurance. Cars are pretty cheap, all things considered.
And unfortunately, there's literally nothing that can match that on comfort/speed/reliability/coverage right now. Just to get those same trips out of a train or airplane would easily cost 5x to 10x higher price. Busing can occasionally be cheaper (because a bus is literally just a shared car), but it only does that by making huge sacrifices on comfort/speed/reliability/coverage.
> I personally enjoy taking a train to where I’m going much more
I mean, I totally get that. I love trains too. (I ride Seattle Light Rail, just for fun, and we take Amtrak to Chicago semi-regularly). Trains are fun. Trains are cool.
But trains aren't really good at transportation of people. Trains go almost nowhere, almost no one has access to trains in the first place, and the cost of trains is significantly higher than cars (both on what a single person has to pay to ride either, and on what the total infrastructure costs are for the entire system). It's pretty understandable how a car would give people a lot of real-world freedom, in a way that a train never could.
- scarface74 7y agoI could own 5 extra cars, for less than the cost of a single tiny 1bed apartment. Not every place in the US is ridiculously expensive. The median price of a home is $200K (https://www.cnbc.com/2017/06/29/what-the-median-home-price-of-200000-will-get-you-across-the-us.html https://www.cnbc.com/2017/06/29/what-the-median-home-price-o...) and anyone with barely passable credit can get an FHA loan with 3.5% down. Most lenders are going to be wary about you having more than two car notes. I could own 3 extra cars, for less than the cost of daycare for one child. The average cost of child care is between $5000 - $15000 a year (https://www.epi.org/child-care-costs-in-the-united-states/ https://www.epi.org/child-care-costs-in-the-united-states/) I could own 3.5 extra cars, for less than the cost of health insurance. Cars are pretty cheap, all things considered. The average cost of family medical insurance is a little over $14K (https://www.ehealthinsurance.com/resources/affordable-care-act/much-health-insurance-cost-without-subsidy https://www.ehealthinsurance.com/resources/affordable-care-a...)
- maxsilver 7y agoI'm not really sure what your getting at. I agree with all of your numbers, that's what all of my figures were already based off of in my original post. (For example, a $200k home on a 30yr 3.5% down mortgage is roughly $1500/month, which is equal to the average total monthly ownership cost of about 4 to 5 cars)
- shstalwart 7y agoI don't really understand why people think cars are so expensive. Sure, they can be, but that's true of anything. In 20 years, I've never owned a car worth more $4000. Hardly seems like a huge investment. I have friends with bicycles worth more than my current vehicle.
- scarface74 7y agoYou still have to consider maintenance, insurance, etc.