3 ms·
> If you're from California or New York, I'm sure $40K starting for this or a Model Y seems complexly within your means Not for regular working class people, f
by mullingitover 6y ago
> If you're from California or New York, I'm sure $40K starting for this or a Model Y seems complexly within your means
Not for regular working class people, far from it. A car that costs more than your gross annual wages isn't anywhere close to being within your means.
Los Angeles median income in 2019: 28,072 USD
NYC: 32,320 USD
Nearly half of Los Angeles residents pay more than 50% of their income on rent[1].
In NYC, 42% of renters pay over 30% of their income on rent, 23% pay more than 50% of their income.[2]
[1] https://news.usc.edu/179928/los-angeles-rent-burdened-households-basic-needs-usc-research/#:~:text=Three%20out%20of%20four%20Los,income%20on%20rent%20and%20utilities https://news.usc.edu/179928/los-angeles-rent-burdened-househ....
[2] https://wherewelive.cityofnewyork.us/explore-data/housing-conditions/#:~:text=Forty%20four%20percent%20of%20renter,among%20adult%20families%20(18%25) https://wherewelive.cityofnewyork.us/explore-data/housing-co....
- stefan_ 6y agoThat's true, but then Americans also famously pay much more than they can afford on car loans for cars that they don't need.
- kfarr 6y agoExactly. All this hullabaloo about the f150 being too expensive for the average american is ignoring the fact that the average american is in debt up to their eyeballs.
- tooltalk 6y agohate to nitpick, but NYC's median household income is ~$58K -- nearly double the figure you cited.