Tuesday, January 6, 2009

WSJ: "Give Up Your Car"


Trading down to the cheapest car possible is one move. Dumping one vehicle from a two-car household is tougher to do, but offers real savings. Moving into a city with a downtown, and getting rid of your cars completely, can save you even more. When you factor in the savings, city real estate might actually work out in your favor.

Residents of inner-ring and upscale suburbs, as well as everyone in car-dependent cities like Dallas and Atlanta, are in the worst of all possible worlds on this. They're paying plenty for real estate – and then paying even more on top of that to run a car for each adult in the home.