Re:White hat hacker awarded $2M for fixing ETH-creation bug
by gumby on Sunday February 13, 2022 @11:55AM
(#30323157)
Unless you live in the sticks, you probably aren’t “wasting” your money by using rentals and Lyft.
The problem with a car is for most people it’s their most expensive or second most expensive capital asset, yet has a very low utilization rate (often less than 5%). If interest rates rise their op ex in servicing it (fuel, insurance, loan interest) will exceed that!
A few years ago I sold all my cars. I found I only drove at all a few times a week at most (walk/bike instead). Like you I switched to ridershare/rent and it was fine. My motivation wasn’t really to save money but just eliminate the hassle of having all those cars.
The problem with a car is for most people it’s their most expensive or second most expensive capital asset, yet has a very low utilization rate (often less than 5%). If interest rates rise their op ex in servicing it (fuel, insurance, loan interest) will exceed that!
A few years ago I sold all my cars. I found I only drove at all a few times a week at most (walk/bike instead). Like you I switched to ridershare/rent and it was fine. My motivation wasn’t really to save money but just eliminate the hassle of having all those cars.