I agree; the whole Uber phenomenon is disturbing on two levels up front: A growing number of young people can’t afford cars of their own, and a growing number of car buyers can’t pay their bills without “sharing” the car. Years ago Americans used to buy cars and homes; now they rent both (via car leases) or use Uber instead.
A sad indication of the decline in our standard of living...
I agree; the whole Uber phenomenon is disturbing on two levels up front: A growing number of young people can’t afford cars of their own, and a growing number of car buyers can’t pay their bills without “sharing” the car. Years ago Americans used to buy cars and homes; now they rent both (via car leases) or use Uber instead.
A sad indication of the decline in our standard of living...
a terrific observation
post of the day!
What's so great about owning an asset that depreciates considerably once you drive it off the lot?