Welcome to General Chat - GAW Community Area
This General Chat area started off as a place for people to talk about things that are off topic, however it has quickly evolved into a community and has become an integral part of the GAW experience for many of us.
Based on its evolving needs and plenty of user feedback, we are trying to bring some order and institute some rules. Please make sure you read these rules and participate in the spirit of this community.
Rules for General Chat
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Be respectful to each other. This is of utmost importance, and comments may be removed if deemed not respectful.
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Avoid long drawn out arguments. This should be a place to relax, not to waste your time needlessly.
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Personal anecdotes, puzzles, cute pics/clips - everything welcome
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Please do not spam at the top level. If you have a lot to post each day, try and post them all together in one top level comment
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Try keep things light. If you are bringing in deep stuff, try not to go overboard.
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Things that are clearly on-topic for this board should be posted as a separate post and not here (except if you are new and still getting the feel of this place)
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If you find people violating these rules, deport them rather than start a argument here.
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Feel free to give feedback as these rules are expected to keep evoloving
In short, imagine this thread to be a local community hall where we all gather and chat daily. Please be respectful to others in the same way
Can you explain more? I didn't see anything in MMM's article that assumed you would get rid of the car. Of the $795 per mile per year, $170 is car mileage based expenses and $625 is time based.
While MMM isn't technically wrong with his interest calculation, we don't buy houses on interest only.
The article mentions:
The IRS estimate doesn’t include people’s time (which widely varies in value) yet the cost per mile is still relatively high because it includes the costs of owning the vehicle, Gasoline at $3/ gallon and 30 mpg comes to $0.10 per mile, which is less than 20% of the $0,51 driving cost. The lion’s share is the vehicle cost.
Commuter cost is mostly people’s time, but it also includes driving costs which are vehicle costs plus fuel costs. To eliminate commuter costs, you’d have to eliminate vehicle costs by not owning a vehicle anymore.