At least in cities and during the day, good public transport is faster than cars at any distance. In London or Paris (and even New York), you'll see hedge fund managers on the subway.

London and Paris don't have motorways that go into the city center like most U.S. cities do.

Even so, even in say, Paris inside the ring, it's typically faster to take a taxi than the Metro. Go on Google maps and pick some random routes and see for yourself.

As soon as you go to a smaller city or travel outside the densest part of the city, the car becomes dramatically faster.

My observation is that hedge fund managers do not typically take the subway. They have chauffeured cars so that they can make productive use of their time while driving. In the rare instance that transit is faster, being able to simply sit down and take calls, do email, etc is very valuable and is not practical on most forms of transit. Certainly confidential calls are a no-go, and laptops are not practical except on some commuter rail. Furthermore, on most transit trips, the time is broken up. At minimum you have walking time, then waiting time, then moving time, then more walking time. With transfers it's broken up even more. You'd be lucky to have 1/3 of the time sitting in a seat where you could peck out emails on a smartphone.

That really depends on the city. In DC, my drive commute is ~10-20 minutes in the morning, and my train commute is ~40+ minutes. Why? Because I have to transfer once, and walk to and from the stations on either side.

he said good public transport

>2. The U.S. is a rich country and more people can afford their own car or to take a taxi/rideshare.

Is this true? It was my understanding that a large % of Americans can't even afford to buy a car and have to take out a loan as well as cutting down on other living expenses to have enough money to drive to work.

The US is 4th for cars per capita. Behind San Marino, Monaco, and New Zealand.

Regardless of whether it’s “affordable” to own a car, people do it anyway.

Financing for vehicles in the US is very accessible. There are dealerships who advertise on the radio in my city that they cater to people with “multiple bankruptcies”, and “no drivers license”, with little to no money down.

As a more extreme anecdote:

I had a bad roommate in college who spent almost all of the money from his part time minimum wage job on alcohol. He routinely “bought” a car, didn’t make the payments, and when the tow truck showed up to repossess it, he just went out and “bought” another the next day.

His high-risk loans didn’t have great terms, but he always had a car.

Also, even with some of the lowest required insurance minimums in the developed world, the number of uninsured drivers in the US is huge. There are insurance companies that will give you insurance for a single day too... just long enough to register your car and get a license plate.

Used cars are super cheap in the US too, and in most places, inspection requirements are minimal. You can buy old and ugly but running vehicles for less than a yearly bus pass in many places.

You comment just confirmed my thoughts that people in the US often can't afford a car and are forced to go through any insane measures possible to use one since it is a requirement for life in the US.

Of course, I am giving examples of extremes.

But in general, I’m just saying that cars have low barriers to obtain here, for whatever the situation may be. That situation is sometimes necessity, but not always. This is not a phenomenon that only exists in places without public transit.

I also wanted to convey is that the concept of “affordable” isn’t exactly comparable across cultures, classes, and backgrounds.

As you may know, cars are a status symbol in the US. My roommate in the example above absolutely considered himself able to afford a car. Even though we lived in a place with a viable bus route that would have taken him everywhere he needed to go, his car was an essential enough part of his identity, lifestyle, and status that he decided to prioritize it as he did.

You aren't mistaken.

Yes he is, and so are you. I just spent 2 minutes and found half a dozen vehicles under $1000 that will likely run well for years.

Public transit really isn't an option for most people in the US, and even if it is, unless a transit pass is subsidized, a car like that is probably more cost effective even including fuel, maintenance, and insurance, not to mention the savings in time and freedom provided by a car (any car).

At some point you should maybe sit down and figure out how much your car is costing you each year. And get back to us.