urbanism

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This was supposed to be c/traingang, so post as many train pictures as possible.

All about urbanism and transportation, including freight transportation.

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LANDLORDS COWER IN FEAR OF MAOTRAIN

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Americans can no longer afford their cars (www.newsweek.com)

submitted 9 months ago by [email protected] to c/[email protected]

99 comments fedilink hide all child comments

But as things stand, cars are still really expensive for many Americans. Just 10 percent of new car listings are currently priced below $30,000, according to CoPilot. Things are not much better in the used car market, where only 28 percent of listings are currently priced below $20,000.

According to an October report by Market Watch, Americans needed an annual income of at least $100,000 to afford a car, at least if they're following standard budgeting advice, which says you shouldn't spend more than 10 percent of your monthly income on car-related expenses.

That means that more than 60 percent of American households currently cannot afford to buy a new car, based on Census data. For individuals, the numbers are even worse, with 82 percent of people below the $100,000 line.

$100k to afford a car! Wtf.

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[–] [email protected] 27 points 9 months ago (1 children)

porky-happy That's okay, you can just rent them from us forever. You will own nothing and be happy.

[–] [email protected] 23 points 9 months ago (2 children)

Cars have always all been rental properties in pretty much everything but name.

[–] [email protected] 17 points 9 months ago

debt economy

[–] [email protected] 15 points 9 months ago (1 children)