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That parking garage around the corner still has some degree of vacancy and still occupies the estate that "could been home for humans", so in this way it's no d
by varjag 8y ago
That parking garage around the corner still has some degree of vacancy and still occupies the estate that "could been home for humans", so in this way it's no difference.
- deleted 8y ago[deleted]
- CalRobert 8y agoIt's very different, because now if I say "hey, I could get a better return on that land than the company that runs the garage" I can * buy the land. * turn it in to homes. It also means that as the area grows and more people come here and wish to park and live here, they can price according to the market, meaning we can determine if more people want to live on that land or park on it. Also, for me at least the most expensive part of car ownership would be paying for parking. If I had a space with my flat, I'd probably own a car because it's a sunk cost (I would be bitter about it though). As it stands now I have the choice of not paying for a parking space, and I prefer not to.