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In addition to making surrounding streets no-parking perhaps there should be some assurance of public transit nearby? If not, no one is going to rent or buy in
by grok2 10y ago
In addition to making surrounding streets no-parking perhaps there should be some assurance of public transit nearby? If not, no one is going to rent or buy in that location -- if they can't have cars and they can't use transit easily, then the location becomes unattractive. Question is -- can the local government ensure that?
I think one thing everyone is missing is that having the freedom to have cars has an economic benefit that is not easily factored in otherwise. Like in this example, if the location makes in more difficult to have cars, then it's likely that the rents here will have to be lower to attract people. Or in the other example where someone was car-less in Chicago's Hyde Park area -- over a period of time he seems to have optimized to reduce going out because it was a chore. Maybe that is a good thing in the long run :-), but it sort of indicates depressed economic benefits for everyone.
- CalRobert 10y agoStreet parking is not a necessity, parking garages exist. When people are willing to pay the market rate for land to house their car then there will be a motive for people to build garages. Otherwise it's just parking welfare paid by those unable to afford cars to those who are.
- PeterisP 10y agoThere are cities where the main differences in housing price (the three main factors usually being location, location and location) is not as "expensive districts" vs "cheap districts" but according to "minutes to subway" metric, with a 10-minute-walk home in an otherwise more expensive district is cheaper than a 3-minute-walk home somewhere else.