4 ms·
I'm a fan of the idea of public transit, but, like tptacek, I don't end up using it much. Mainly the trouble is this: - In many situations, even with good publ
by wes-exp 15y ago
I'm a fan of the idea of public transit, but, like tptacek, I don't end up using it much. Mainly the trouble is this:
- In many situations, even with good public transit available, you're going to want to own a car.
- If you do own a car, it's a sunk cost.
- The cost is substantial.
- Due to a substantial sunk cost, you might as well get your money's worth, and drive. (i.e., Loss aversion)
So basically, I am stuck driving because I can't "not have a car" and if I'm going to pay into having a car, I might as well realize the benefits of owning one.
Taking it a step further, unless I can live in an area with good enough transit sufficient to not own a car at all, I'm better off economically in the suburbs, where rent is cheaper.