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Thoughts on $UBER
I was reading an article from The College Investor about how it was cheaper for a person to rely on $UBER for rides than to own a car. Looking at the math and understanding the author's lifestyle, I understand why it would be cheaper for him.

With cars becoming more expensive, gas prices remaining high, and budgets becoming tighter, some find that they can save more money by relying on ridesharing services to get from Point A to Point B. Others find that relying on ridesharing services removes the stresses that come with traveling with a car (like finding parking, maintenance, etc.).

If more people quit car ownership and start relying on ridesharing services to get to places, one thought I had was how people would take out food from restaurants? One can take rides to pick up food from the restaurant and return home. But comparing the transportation costs that come with picking up the food than from food delivery, people that rely on ridesharing services would save so much time and money by relying on food delivery services to deliver their food.

Uber was smart to be in both the delivery and the ridesharing industry. They knew that if their customers relied on them for rides, their customers would surely rely on them for food delivery.

As for $DASH $LYFT and other pure plays in the gig economy, it would be interesting to see whether they choose to merge and become a clone of Uber or remain as pure plays and use their focus to dominate Uber in their respective industries.
The College Investor
Why I Sold My Car And Now Uber Everywhere (Uber vs. Owning A Car)
The math behind Uber vs. Owning A Car and why I sold my car and take Uber or Lyft everywhere, including work.

sam stribling's avatar
@dissectmarkets unfortunately I do not agree with this guys inputs..
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I own a car and while I would agree I pay ~$90 a month in gas (at least) I certainly do not pay an average of $140 in maintenance and my car is coming up on 10 years old (I drive them till they drop and buy what I can afford in cash). For the second input of an average ride of $1.99 I’m not sure what planet he is on.. I just pulled up a 5 mile drive (what he stated was his average) and the cost to me with a pass was $19.99 ONE WAY.

Furthermore, I have a friend who did this very experiment. He sold his car to ride share etc. he works from home but after a few months he ended up purchasing an E-bike ~$3,500 as the Ubers/Lyfts were costing him too much in reality.

I think it is like many things a great theory that breaks down in reality.

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