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Reply to "Cost of a car and HHI/NW"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Car culture is depressing. We are rich because we have only ever purchased one car, it was paid off in one year, it's 14+ years old, cost us 13K, and it has fewer than 90K miles on it. We take the bus, walk or metro most places. Spending 50K a year every few years (not to mention the insurance for an expensive car and fuel) is killing most Americans and then don't even know it. [/quote] +1000[/quote] People don’t buy cars annually silly. If we spend $50k, keep it 8 years and it’s worth $10k at the end, that’s $5k a year before maintenance and ignoring the time value of money. We don’t live in an expensive urban area so cars are a necessity where we live. We’re rich too. Owning cars doesn’t prevent this.[/quote]
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