urbanism

22307 readers

1 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]

118

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

submitted 10 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] 35 points 10 months ago (17 children)

Just 10% of new car listings are below $30,000

Okay this does bring up a question I’ve had for a long time: Who the fuck buys new cars? I’ve only known like 1 person in my life who bought her car new and it’s because she was a moron who wanted a fancy new mustang. Even relatively wealthy adults I know buy like 3-5 year old cars.

I’ve always questioned this. It genuinely doesn’t seem like there have ever been enough people buying new cars to keep the supply of used cars going. I don’t understand how this works.

[–] [email protected] 18 points 10 months ago

Who the fuck buys new cars?

Companies I'd imagine

load more comments (16 replies)