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None. If you live in a city that has enough stuff nearby or public transit sufficient to be considered "walkable" your housing costs are 2-3x higher than they w

None. If you live in a city that has enough stuff nearby or public transit sufficient to be considered "walkable" your housing costs are 2-3x higher than they would be otherwise and your taxes are probably higher as well. Far more than the cost of a car.

scarface_74 4y ago
You keep forgetting other scenarios - someone who works remotely and can just take Uber when he needs to go somewhere during the weekend. In fact, my son started working at a pizza place before he had his driver's license. It was cheaper to pay Uber $350 a month than his current car note + car insurance. Just to give you a hint about "affordability", we paid $335K in 2016 to have our house built - 3100 square feet - in the "good school system" in the burbs of a major metropolitan area.
- mrguyorama 4y ago
  $350 a month would cover a $22ish thousand car loan. I know the used car market is a bit absurd right now but I think you're being a bit excessive
  - bombcar 4y ago
    The era of kids driving old hand-me-down cars is over. Now at 16 you need a $85k SUV or why even bother!
    - scarface_74 4y ago
      Well, seeing that my (step)son is six foot 3 and couldn't even fit in my car at the time -- a Chevy Sonic -- that wasn't an option. Also car insurance for a teenage male ain't cheap... https://www.valuepenguin.com/18-year-old-car-insurance https://www.valuepenguin.com/18-year-old-car-insurance Not to mention that the old car needs maintenance and repairs.
  - scarface_74 4y ago
    You're forgetting about how much car insurance is for an 18 year old male. Car insurance alone is $200+/month for a new driver. https://www.valuepenguin.com/18-year-old-car-insurance https://www.valuepenguin.com/18-year-old-car-insurance. It's slightly cheaper bundled with a parent's insurance.
    - mrguyorama 4y ago
      Are you getting screwed over for how much liability your state requires you to carry? The insurance on my $0 value dodge neon in 2012 AFTER a fender bender was $400 a year, because it was on my mom's plan, and had $0 of coverage for my car and only the minimum liability required by the state (which is a reasonable amount). All of my high school friends have the same experience as I do, a car with near zero value, and no collision coverage, just liability, and paid similarly dirt cheap rates. My friend had coverage on his old dodge van for $120 a year. My car insurance on my nearly new car is actually double the price, despite me now being significantly older than 18, because I pay for coverage so I could repair it if it gets in an accident. Consider switching insurances?
      - staringback 4y ago
        > just get the state minimum for liability! This is absolutely terrible advice in almost all circumstances. I am curious, what you consider a reasonable amount? People in California with the state minimum end up with $5,000 worth of property damage liability. Hope you have the remaining $75,000 sitting around when you accidentally run into a nice car.
googlryas 4y ago
Huh? Yes your housing costs will be higher but your salary will probably be higher too. I was able to save/invest insane amounts of money by ditching my car and job in suburban NJ and moving to Manhattan.
- scarface_74 4y ago
  I was able to ditch my car and work remotely for "a FAANG" while living in the South....

scarface_74 4y ago

You keep forgetting other scenarios - someone who works remotely and can just take Uber when he needs to go somewhere during the weekend. In fact, my son started working at a pizza place before he had his driver's license. It was cheaper to pay Uber $350 a month than his current car note + car insurance. Just to give you a hint about "affordability", we paid $335K in 2016 to have our house built - 3100 square feet - in the "good school system" in the burbs of a major metropolitan area.

mrguyorama 4y ago
$350 a month would cover a $22ish thousand car loan. I know the used car market is a bit absurd right now but I think you're being a bit excessive
- bombcar 4y ago
  The era of kids driving old hand-me-down cars is over. Now at 16 you need a $85k SUV or why even bother!
  - scarface_74 4y ago
    Well, seeing that my (step)son is six foot 3 and couldn't even fit in my car at the time -- a Chevy Sonic -- that wasn't an option. Also car insurance for a teenage male ain't cheap... https://www.valuepenguin.com/18-year-old-car-insurance https://www.valuepenguin.com/18-year-old-car-insurance Not to mention that the old car needs maintenance and repairs.
- scarface_74 4y ago
  You're forgetting about how much car insurance is for an 18 year old male. Car insurance alone is $200+/month for a new driver. https://www.valuepenguin.com/18-year-old-car-insurance https://www.valuepenguin.com/18-year-old-car-insurance. It's slightly cheaper bundled with a parent's insurance.
  - mrguyorama 4y ago
    Are you getting screwed over for how much liability your state requires you to carry? The insurance on my $0 value dodge neon in 2012 AFTER a fender bender was $400 a year, because it was on my mom's plan, and had $0 of coverage for my car and only the minimum liability required by the state (which is a reasonable amount). All of my high school friends have the same experience as I do, a car with near zero value, and no collision coverage, just liability, and paid similarly dirt cheap rates. My friend had coverage on his old dodge van for $120 a year. My car insurance on my nearly new car is actually double the price, despite me now being significantly older than 18, because I pay for coverage so I could repair it if it gets in an accident. Consider switching insurances?
    - staringback 4y ago
      > just get the state minimum for liability! This is absolutely terrible advice in almost all circumstances. I am curious, what you consider a reasonable amount? People in California with the state minimum end up with $5,000 worth of property damage liability. Hope you have the remaining $75,000 sitting around when you accidentally run into a nice car.

googlryas 4y ago

Huh? Yes your housing costs will be higher but your salary will probably be higher too. I was able to save/invest insane amounts of money by ditching my car and job in suburban NJ and moving to Manhattan.

scarface_74 4y ago
I was able to ditch my car and work remotely for "a FAANG" while living in the South....