One car?

Now that life has settled down a bit as far as jobs and summer, Chris and I are back to seriously discussing going down to one car. It's a little silly to need two cars when I work two blocks away, we are on a "hi frequency" bus route, and school is less than 2 miles away. We also recently discovered that parking at the lofts might get tight now that everyone has moved in, as there are 167 lofts and only 133 parking spots. People can just park on the street for now, but come winter with snow emergencies, etc, it would just be less hassle to only have to worry about one car. Not to mention we would pay less for gas, insurance, etc........

Thoughts? Encouragement? Discouragement?