You keep forgetting other scenarios - someone who works remotely and can just take Uber when he needs to go somewhere during the weekend.
In fact, my son started working at a pizza place before he had his driver's license. It was cheaper to pay Uber $350 a month than his current car note + car insurance.
Just to give you a hint about "affordability", we paid $335K in 2016 to have our house built - 3100 square feet - in the "good school system" in the burbs of a major metropolitan area.
Are you getting screwed over for how much liability your state requires you to carry? The insurance on my $0 value dodge neon in 2012 AFTER a fender bender was $400 a year, because it was on my mom's plan, and had $0 of coverage for my car and only the minimum liability required by the state (which is a reasonable amount).
All of my high school friends have the same experience as I do, a car with near zero value, and no collision coverage, just liability, and paid similarly dirt cheap rates. My friend had coverage on his old dodge van for $120 a year.
My car insurance on my nearly new car is actually double the price, despite me now being significantly older than 18, because I pay for coverage so I could repair it if it gets in an accident.
This is absolutely terrible advice in almost all circumstances. I am curious, what you consider a reasonable amount? People in California with the state minimum end up with $5,000 worth of property damage liability. Hope you have the remaining $75,000 sitting around when you accidentally run into a nice car.
In fact, my son started working at a pizza place before he had his driver's license. It was cheaper to pay Uber $350 a month than his current car note + car insurance.
Just to give you a hint about "affordability", we paid $335K in 2016 to have our house built - 3100 square feet - in the "good school system" in the burbs of a major metropolitan area.