Ken Miguel-Cipriano's experience exemplifies how rethinking transportation can make homeownership more attainable. By utilizing public transit instead of owning a car, individuals can save between $8,712 and $13,727 annually. This savings can accumulate, potentially allowing them to afford a down payment on a median-priced home within six years. The article underscores the broader implications of transportation costs on housing, showing that while some can adapt their commuting choices, many face challenges due to limited transit options, with 70% of public-transit commuters concentrated in just seven U.S. cities.
I've been taking public transit all my life. I was never ashamed to take the bus, never ashamed to walk, never ashamed to be on the bike.
The cost of car ownership goes far beyond a monthly payment. It's a bundle of expenses and responsibilities that can drain thousands of dollars a year from a household budget.
By forgoing a car and relying on public transit, the average person could save between $8,712 and $13,727 per year.
A shocking 70% of public-transit commuters reside in seven cities in the U.S.
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