Friday, March 4, 2016

Americans need a car to work or look for work

A big reason Americans keep a car, even if they have public transit, is they know that they may need to find and job anytime and want to be sure they can get to it, no matter where it is.

In 2007, the asset bubbles burst because people had to choose between the mortgage payment and the gasoline credit card payment. It's a no-brainer, you have to have gasoline to get to work, without work, the mortgage is going to get behind faster.

In 2016, people are weighed down by education loans and car loans. So this crash will be another #autosprawl crash.

Simple solution. Make urban buses fare-free and start the process of breaking the car monopoly.