23 Feb '12, 6pm

If people got rid of their extra cars, they could afford an extra house

The average American family owns 2.28 cars, and even in genuinely car-dependent areas they could probably get away with one. How much does that excess auto capacity cost? Enough that if everyone ditched their unnecessary vehicles, they’d save an average of $186,425.03 over 30 years. In a lot of places, that’s enough to buy another house. At very least, it’s more than enough to move to a more expensive area that’s more transit-accessible or requires a shorter commute.

Full article: http://grist.org/list/if-people-got-rid-of-their-extra-ca...

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