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> Look at how much prime real estate is devoted to parking in typical American cities. Not just in the US, but everywhere. Given that most cars are in use for
by xorcist 8y ago
> Look at how much prime real estate is devoted to parking in typical American cities.
Not just in the US, but everywhere. Given that most cars are in use for a tiny fraction of their lifetime, they occupy real estate somewhere. Dedicating public space to parking is a huge subsidizing for motorists not often discussed.
If parking was market priced on par with commercial or residental dwellings congestion would become less of a problem but not many people would be able to drive in the larger cities around the world. The latter is a very hard sell for voters for whom cars are of the bigger investments they've made. But in the larger scope of things it's probably akin to throwing good money after bad.