Comment by 999900000999
18 hours ago
Most Americans can not afford to buy a new car cash.
Only Chicago , and maybe Pittsburgh allows the average(income ) person to live car free and have a decent apartment.
You have folks in LA who pay upwards of 800$ a month in car payments on a 70k yr salary.
Most people are not buying a new car. The typical new car is bought, or more often leased, by someone who keeps it for three years. However, the average car on the road is 12 years old, which means there are a lot of cars that are being driven by someone who didn't buy them new.
Used cars are still expensive. I remember looking a Toyotas and a used Corolla was about 2000$ less than new.
I'd argue that individual car ownership is generally not affordable for most people. You can easily spend over 25% of your income just on transportation.
It's almost a structural problem. America isn't built for public transportation
How used? 2010 Corolla is about $10k, while 2024 will be $20-30k.
America is plenty dense for transit, but you need to build it first and that is expensive.
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