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MrHen comments on Epistemic Luck - Less Wrong
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It can, depending on what city you live in. I don't know if this is at all related to your point, but the street you find a car for sale can be a great indicator of its quality.
Namely, what neighborhood is the car in? Is the street notorious for certain things? A personal example: I would never buy a car I found for sale on Hwy 14. I would buy a car I found for sale on Hwy 110, but only outside of the Loop.
Yeah, I'll give you that one. I was imagining choosing the street by, say, walking out your front door, not by the expected quality of automobile.