urbanism

22374 readers

2 users here now

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

All about urbanism and transportation, including freight transportation.

Home of train gang

:arm-L::train-shining::arm-R:

Trainposts highly encouraged

Talk about supply chain issues here!

List of cool books and videos about urbanism, transit, and other cool things

Titles must be informative. Please do not title your post "lmao" or use the tired "_____ challenge" format.

Archive links for reactionary sites, including the BBC.

LANDLORDS COWER IN FEAR OF MAOTRAIN

"that train pic is too powerful lmao" - u/Cadende

founded 4 years ago

MODERATORS

[email protected]

114

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.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 25 points 9 months ago* (last edited 9 months ago)

Not to brag, but as an old software developer, I’ve bought new (compact/subcompact) cars for cash, meaning no loan. Now I live car free, but in a city almost no one can afford. There is still a PMC/middle class/labor aristocratic class, though it’s ever-shrinking.