this post was submitted on 03 Jun 2024
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Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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Ha! When I was your age I barely made 20k. (lemmy.world)
submitted 4 months ago by SeattleRain to c/housing_bubble_2
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cross-posted from: https://lemmy.world/post/13825231

The Cost of Living a Decent Life in America is 96,000 Annually

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[–] Eheran 1 points 3 months ago

So? If we assume 50 cents per mile and a budget of only 5% of those 318k (16 k) $ that means you get to drive 32'000 miles per year and hardly spend anything on your cars. The average spending for mobility is a whooping 16 %, which would be 100'000 miles in this case. The average is 13'500 miles.