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re: Average car costs $31K, depreciates 15% every year, sits idle 95% of the time

Posted on 5/13/15 at 9:45 pm to
Posted by goatman1419
Prairieville,LA
Member since Jan 2007
3070 posts
Posted on 5/13/15 at 9:45 pm to
quote:

No, she just understands statistics and risk management


Yet she doesn't understand statistics about taxi's?????


quote:

by TigerBait1127




Ahhhhhhh
Posted by Street Hawk
Member since Nov 2014
3465 posts
Posted on 5/13/15 at 9:53 pm to
quote:

They will be more prevalent in urban areas but it still doesn't change the fact that the demand for car use peaks wildly during commuting hours.

When the utilitiy companies can figure out how to provide uninterrupted power in the face of varying demand though out the day with seemingly no storage mechanism, I am sure when the time comes these companies will have figured out how to respond to peak and off-peak hour demands for cars.
Posted by Big L
Houston
Member since Sep 2005
5434 posts
Posted on 5/13/15 at 9:53 pm to
When we eventually live in a virtually simulated world, we won't need to go anywhere and the need for cars will drop dramatically.
Posted by Street Hawk
Member since Nov 2014
3465 posts
Posted on 5/13/15 at 10:00 pm to
Google comments on the safety of their driverless car experiment so far:

quote:

On Monday, the director of Google's self-driving car program, Chris Urmson, wrote an article for Medium detailing the program's statistics, saying that Google's fleet of more than 20 self-driving cars have driven more than 1 million miles and are currently averaging 10,000 self-driven miles each week. Throughout the six years that the program has been testing cars on public roadways, Urmson said, Google's cars had been in 11 minor accidents involving “light damage, no injuries.” That number included incidents when a certified driver was operating a self-driving car in manual mode, as well. “[N]ot once was the self-driving car the cause of the accident,” Urmson wrote. He continued:

Rear-end crashes are the most frequent accidents in America, and often there’s little the driver in front can do to avoid getting hit; we’ve been hit from behind seven times, mainly at traffic lights but also on the freeway. We’ve also been side-swiped a couple of times and hit by a car rolling through a stop sign. And as you might expect, we see more accidents per mile driven on city streets than on freeways; we were hit 8 times in many fewer miles of city driving. All the crazy experiences we’ve had on the road have been really valuable for our project. We have a detailed review process and try to learn something from each incident, even if it hasn’t been our fault.

LINK
This post was edited on 5/13/15 at 10:02 pm
Posted by DallasTiger11
Los Angeles
Member since Mar 2004
11815 posts
Posted on 5/13/15 at 10:04 pm to
quote:

The argument can be made that the "40 hour work week" (who does that anyways) is becoming obsolete pretty rapidly.

So many jobs with people putting their butts in seats at offices that really don't need to be there, less hours to get the job done, telecommuting, automation, etc.


This has been said for 80+ years yet we continue to work 40 hour weeks (in most cases we work more than that). I don't think the 40 hour work week is going away anytime soon unfortunately. Many companies want your arse in your seat whether you really need to be or not.
Posted by PhiTiger1764
Lurker since Aug 2003
Member since Oct 2009
13921 posts
Posted on 5/13/15 at 10:11 pm to
quote:

in the future people will most likely not need to own a car. once driverless cars are the norm you will be able to schedule cars to come pick you up for everything from your commute to work to long road trips. This is going to happen in the next 20years. Bank on it.

Key word.

I will always own a vehicle because I will always want one. And I will be able to do so because I am a free American.
Posted by Marco Esquandolas
Member since Jul 2013
11428 posts
Posted on 5/13/15 at 10:22 pm to
^^^^^
This guy gets it.

Posted by Napoleon
Kenna
Member since Dec 2007
69184 posts
Posted on 5/13/15 at 10:24 pm to
same here. I have a Tacoma I'm going to run into the ground. It's actually still worth what I paid for it four years ago. (It's depreciated only $2k in two years and I got it $2.5k under book) I'm looking at a late 00's 4runner now (or a Ford Flex, I really like those..)
I don't see ever buying new or financing.
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