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ThrustVectoring comments on Open Thread for February 3 - 10 - Less Wrong Discussion
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If you live in a city, you can (and probably should) get away with not owning a car. Not only is it unnecessary to get where you want to go, but due to property prices, parking is a gigantic hassle and expense. Walking works well for anything within a mile, biking for anything within about 5, public transit or a cab for the metro area, and car rentals (or borrowing a friend's) can fill in for anything else that absolutely requires your own vehicle.
Not owning a car saves a significant amount of time and money and makes the math better for living in a more built-up area.
I've lived car-free for several years now and I think it's one of the best choices I've ever made. I'm saving a lot of money, staying in great shape from biking, and avoiding a stressful commute. Most people think I'm an eccentric for this, but I'm okay with that.
It depends on where you are -- in certain places, public transportation sucks.
That very much depends on a particular city. And your lifestyle, of course.
True, some cities are much better built for that sort of thing than others. I had San Francisco, Seattle, New York City, and Valencia in mind specifically - less so Los Angeles and Dallas-Fort Worth.
Agreed with the lifestyle part, though - it's really a question of how often you need to do things that require a car, and how expensive the next-best option is (taxi, car rental, ride-share, borrowing your neighbor's). If you want to drive three hours to see your Mom every weekend, you probably don't want to sell your car.