Originally Posted by
plustax
It's pretty easy to live on 7k a year at a level above subsistence living, but I'm a bohemian 20 something loon with very modest needs and no rugrats. I'm probably gonna burn through all of my cash when I'm in grad school though.
Also ILTB, but didn't you say (I'm recalling this totes from memory so I may be wrong) a lot of LCF folks live in urban areas? Parking in places like Boston and San Fran can run up to 70k a year dude!
I may have said it to include living in large college campus communities. I believe that to be the case for adults who actually do not have regular access to a personal car.
Using your reasoning of cherry picking a specific stat, anybody who doesn't live in S.F. or Boston is gaining 70K a year and should be able to live a couple of years on the savings.
The point is that not owning a car saves lots of money (unless it is spent on alternative transportation modes.) The amount saved though hardly seems enough to provide a person an "income" for 50% of an adult's life.
I imagine that people who pay exorbitant fees for parking can afford it, if not they find alternative parking arrangements.