We should not be building our cities in ways that necessitate owning a car.
And what about villages and other rural areas? Some suggest just abandoning them and moving to cities. Yeah, because there’s so much space in cities, and it’s so affordable…
People living in Central/Eastern Europe: 80%? Amateurs.
I don’t know ANYONE who has a new car produced in last couple of years here in Poland. According to some statistic average age of car is 15.5 years here, in fact I drive 11 year old car myself. There’s just no way I am going to dump so much cash on a freaking car (and personally I’d rather buy some nice electric bicycle instead).
Opel Astra, forever and ever
Truly reliable beasts, my family used to drive a mid 90’s Astra F for like 18 years and then it basically rusted away pretty quickly. Engine and everything else was totally fine. I think the only part we had to replace was the alternator…
The example the article gives is pretty extreme to me:
[Greg] McBride, the Bankrate analyst, walked MarketWatch through a hypothetical car-buying scenario for an average-priced new car that cost $48,000. Taking into account the trade-in value of your existing vehicle, let’s say you knock some money off the sticker price and finance a $40,000 purchase price at 7.5% for five years. That’s an $801 monthly payment — which means you would need to make $96,100 a year if you wanted that payment to be 10% of your income.
I don’t think I’d ever want to spend half a yearly income on any single purchase. An investment in a house being the only exception.
Just bought an 11 year old car for 12k. Because a new one would’ve wiped out my savings and then some after saving for 5 years to replace my 20 year old car. Nobody can afford shit.
People need to stop “pretending” they can afford all this shit, it’s not needed and noone cares, who are people showing off too?
New iphone? Don’t need it
Maybe if we stop buying shit these companies will actually try
I bought a boat last year and now I want a bigger one. I’ve got lots of disposable income because I don’t live beyond my means. Lots of people carry credit card debt and spend stupidly. Don’t do that and you’ll likely be ahead of most people.
The boats are around 2k. Not huge rich guy money.
The cost of a boat is primarily in upkeep, not price. You’ll see.
