I absolutely LOVE Uber in Los Angeles.
But even a Millenial needs a car in LA. You must have a car in LA.
Witness the paperless office has finally arrived. ...as if
Hubby is driving for Uber and it is saving our lives. It is really saving our lives, to me it is pretty much a miracle.
I can’t picture Uber letting me load 8 sheets of plywood and a bunch of 2 x 4s onto the vehicle...
...and about a decade ago, the segway people were saying it would revolutionize civilization and lead to car-less cities.
if the millenials won’t have cars in 5 years, it’ll be because hillary/JEB/boehner/mcconnell have continued obama’s/reid’s/pelosi’s/boehner’s/mcconnell’s 8 years of failed policies and they’ll all be working minimum wage jobs for barely 30 hours a week.
there are people all over this country who live 25, 40, or 50+ miles from their jobs (one way) and no ride-sharing app is going make it any easier for them to get to and from work.
In cities, use public transportation or a ride-sharing service like Uber. Why spend $10,000 a year on a vehicle? Get a vehicle as a frivolous convenience if you earn more than, say, $150,000 a year. Will consumers prefer the utility of vehicle ownership as substitution for other goods or savings at that point on their indifference curve? In other words, would it be a rational tradeoff at that income level? If so, the car market will implode. Perhaps consumers are stuck in a habit that will quickly dissolve.
If they don’t have cars how will lyft- and uuber- stay in business? It depends on their drivers having cars?
$9000. In expenses, every year, what kind of car is that. Or are they figuring in fuel?
Red Barchetta was a prophetic song.
The cost of insurance alone is too expensive. That's why my teenage sons can't get their driver's licenses.
When I was their age (30+ years ago), used cars could be bought for around $300-$400 apiece. And jobs were easier to find back then, too.
Sounds like an urban thing. Kids in the boonies want a vehicle bad enough to resurrect one.
How about this
Government consumes over 50% of their income!
Add in the expense of ObamaCare and let’s push that to 60%
What’s left over to buy a car? ZIP
Most Millenials will be Hispanic.
If no one has a car, how are Uber and Lyft in business? Who are these Millenials going to buy a ride from?
While I don’t doubt lower rates of car ownership are real, largely for some of the economic reasons discussed in the thread, I see plenty of car usage among my son’s peer group. It’s a big sprawling suburban city, and they’re all over it for various events.
But apparently there’s data to support his theory.
And it’s pretty damn old too. Back in the ‘80s Newsday added it all up and found calling a cab when you wanted to go anywhere was cheaper than keeping your own car on hand.
* They can't afford it, no jobs, and have to pay for Obamacare after 26.
* The cars have been so federally mandated and safety enhanced to pedal to "Consumer Reports" that their entry price-point is through the moon.
* They are so complicated, you can't buy a junker and work on it.
* No one gives a rat's-patowee about taking auto shop in High School anymore, it used to be a right of passage.
* And don't think the auto companies know about this, witness their experimentation with "Electric Bikes" and discussions of "co-ownership" etc etc etc.
Rush was right about going after the SUV, it wasn't it's fuel consumption, it was the liberation it offered to tow a boat, a trailer etc. and take your whole family with you to the the Rural Areas or Wilderness. They are doing things to divide the family ( these excursion were family time ) and they don't want you in "these lands". So many people were snookered by this.
Huh huh, people are still using cars? That is SO old fashioned. I use teleporters, they are much more efficient.
Millennials won’t own a car in five years because they think everything is a free ride waiting for Obama&Co to send limo.
And these days, the Generation Y’ers use skateboards, bikes and public transportation more often as a means of travel. So this could also lend itself to the reasons why they are not purchasing cars.
The reason that they are not purchasing cars is the very fact that you can’t afford to buy one while flipping burgers or while staying home playing games on the game program unit.
Living at home with mom and mom (or dad and dad) and holding a minimal productive job (if any) prevents one from actually entering the real world of work...thus prevention of reaping the rewards of responsibility and money.