You mean the products we’ve been making for a hundred years where automation has taken over 4/5 of their production? Car manufacturers make a killer margin, that’s why they can buy so much marketing space. No car made by Toyota or ford should be more than 30k.
watch-nerd on
This is one of the easiest affordability problems to solve.
It’s not hard to make ultra cheap cars like they do in many emerging markets if you massively relax safety standards.
Affordable cars are a solvable problem.
Affordable, ultra-safe cars by modern standards? Maybe not, but some us survived pre-seatbelt, pre-child seat, pre-airbag lives and lived to tell about it.
georgespeaches on
You can get a new Corolla for about 21k. Extremely reliable, sips gas like a fine wine. It’s embarrassing that so few Americans drive them, and even more embarrassing that our domestic manufacturers can’t compete with Toyota.
TheGhostofJoeGibbs on
Thank the Naderite ubersafety regulators for overweight cars bloated with complex electronic systems that are extremely expensive coupled with the envirowarriors pushing into 3 ton EVs that are somehow saving the planet and whose development needs to be paid for by all the companies who were rushing to the government subsidy trough.
Technocratic mismanagement for the win, again.
Dry_Perception_1682 on
This is a random blogpost by someone with an agenda to to bash car ownership. If you look at the numbers in the table, they are clearly wrong. Imagine believing that people in San Francisco have some of the cheapest housing relative to income, lol. Anyone who lives there will say that’s just not true.
This post says our use of urban roads is sacrificing 22% of U.S. GDP. That’s the opposite of what’s happening. Roads are CREATING GDP through efficient transportation networks.
bloodontherisers on
The problem with cars is literally the most basic of economic principles. The market is just producing and pricing to what people are willing to buy and pay for. The real problem here is that people are irrational consumers and there are enough of them doing so that they are causing problems for society at large. Remember during COVID when Ford released the new Bronco and people were paying $40k mark ups on MSRP just to get one? Same with 4Runners to the point that a used 4Runner for a time out-priced a new one. That kind of demand skews what firms are going to produce so that, at least in America, we are all having to pay more for vehicles that otherwise would be cheaper because why sell a cheap sedan at a 5% margin when you can easily get 10% and it still looks cheap in comparison to the oversized SUVs and Crossovers on the lot.
MapPrestigious3007 on
Is affordability issue or like I see so many times buying expensive cars for image several of my very wealthy clients 500k plus incomes drive Toyota rava 4’s
Browns45750 on
The housing idea of being allowed to take money out of your 401k for a down payment is not a solution to a problem. Let’s say you put 20 down on a $350,000 home. That 70 k you take out of your retirement could be worth more than home itself after compounding. Just another kick the can down the road solution like 50 year mortgages and 12 year car loans
8 Comments
You mean the products we’ve been making for a hundred years where automation has taken over 4/5 of their production? Car manufacturers make a killer margin, that’s why they can buy so much marketing space. No car made by Toyota or ford should be more than 30k.
This is one of the easiest affordability problems to solve.
It’s not hard to make ultra cheap cars like they do in many emerging markets if you massively relax safety standards.
Affordable cars are a solvable problem.
Affordable, ultra-safe cars by modern standards? Maybe not, but some us survived pre-seatbelt, pre-child seat, pre-airbag lives and lived to tell about it.
You can get a new Corolla for about 21k. Extremely reliable, sips gas like a fine wine. It’s embarrassing that so few Americans drive them, and even more embarrassing that our domestic manufacturers can’t compete with Toyota.
Thank the Naderite ubersafety regulators for overweight cars bloated with complex electronic systems that are extremely expensive coupled with the envirowarriors pushing into 3 ton EVs that are somehow saving the planet and whose development needs to be paid for by all the companies who were rushing to the government subsidy trough.
Technocratic mismanagement for the win, again.
This is a random blogpost by someone with an agenda to to bash car ownership. If you look at the numbers in the table, they are clearly wrong. Imagine believing that people in San Francisco have some of the cheapest housing relative to income, lol. Anyone who lives there will say that’s just not true.
This post says our use of urban roads is sacrificing 22% of U.S. GDP. That’s the opposite of what’s happening. Roads are CREATING GDP through efficient transportation networks.
The problem with cars is literally the most basic of economic principles. The market is just producing and pricing to what people are willing to buy and pay for. The real problem here is that people are irrational consumers and there are enough of them doing so that they are causing problems for society at large. Remember during COVID when Ford released the new Bronco and people were paying $40k mark ups on MSRP just to get one? Same with 4Runners to the point that a used 4Runner for a time out-priced a new one. That kind of demand skews what firms are going to produce so that, at least in America, we are all having to pay more for vehicles that otherwise would be cheaper because why sell a cheap sedan at a 5% margin when you can easily get 10% and it still looks cheap in comparison to the oversized SUVs and Crossovers on the lot.
Is affordability issue or like I see so many times buying expensive cars for image several of my very wealthy clients 500k plus incomes drive Toyota rava 4’s
The housing idea of being allowed to take money out of your 401k for a down payment is not a solution to a problem. Let’s say you put 20 down on a $350,000 home. That 70 k you take out of your retirement could be worth more than home itself after compounding. Just another kick the can down the road solution like 50 year mortgages and 12 year car loans