Similar to "American Cities Are Drowning in Car Storage" https://news.ycombinator.com/item?id=17530813 https://news.ycombinator.com/item?id=17530813 > it’s mor

Similar to "American Cities Are Drowning in Car Storage" https://news.ycombinator.com/item?id=17530813 https://news.ycombinator.com/item?id=17530813 > it’s more lucrative to operate a parking structure than a housing unit. This is great for landowners who are looking to make a big return on their investments, but it makes real estate markets inhospitable to new home buyers and renters. This is why public transportation is so important. The private car is a local maximum. Once everybody has one it is very expensive to create a cheap and efficient massive public transportation network. But if you have an efficient massive public transportation network, it is cheaper, healthier, and convenient than private cars. That is why Uber can operate at a loss. If New York, for example, losses its massive public transportation to cheaper at-a-loss car transportation they can raise prices afterwards without fear of massive public transport competition again, as it requires to jump over the local maximum to the optimal.