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Does your car parking cost as much as renting a flat/sqm? I bet it does not. Where I live, parking space costs you about 15€/sqm/month on a single floor/no flo

by donjoe 7y ago

Does your car parking cost as much as renting a flat/sqm? I bet it does not. Where I live, parking space costs you about 15€/sqm/month on a single floor/no floor since it's 'public space'. A flat is avg. 22€/sqm/month and buildings in general come with 6 floors: we're closer to 6*22€/sqm/month for living space...

NovemberWhiskey 7y ago
I pay $512.84 per month for parking; it's valet parking because they stack multiple cars on elevators in the building basement. I don't know exactly how you want to characterize the floor space of that, but my gut feel is it's basically a similar cost to rent for an apartment per unit area.
mechagodzilla 7y ago
I think it probably comes pretty close - my friends with parking spaces in Manhattan pay $500+/mo
lostlogin 7y ago
I don’t want to argue for cars, but a square of something you can park on should definitely be cheaper per unit area than something you live in. I don’t think I’ve ever parked anywhere I’d happily live.
- markdown 7y ago
  He must be thinking of Hong Kong: https://edition.cnn.com/travel/article/hong-kong-parking-space-intl/index.html https://edition.cnn.com/travel/article/hong-kong-parking-spa...
- albedoa 7y ago
  You've imagined what it would be like to live in a parking space if it were to remain one of a block or a row of parking spaces. I don't think that's the point being made.
- lotsofpulp 7y ago
  If there are fewer parking spots relative to demand compared to living spaces relative to demand, then parking may very well be more expensive. I don’t see why parking “should” inherently be cheaper, it’s always supply and demand determining price.
- emiliobumachar 7y ago
  In expensive real estate areas land costs should dwarf construction costs.
  - lostlogin 7y ago
    This isn’t the issue though, the actual comparison is car park versus living space, and which can be built cheaper.
dsfyu404ed 7y ago
Does a slab of asphalt have the same taxes assessed and upkeep costs as an apartment?

by donjoe 7y ago

NovemberWhiskey 7y ago

I pay $512.84 per month for parking; it's valet parking because they stack multiple cars on elevators in the building basement. I don't know exactly how you want to characterize the floor space of that, but my gut feel is it's basically a similar cost to rent for an apartment per unit area.

mechagodzilla 7y ago

I think it probably comes pretty close - my friends with parking spaces in Manhattan pay $500+/mo

lostlogin 7y ago

I don’t want to argue for cars, but a square of something you can park on should definitely be cheaper per unit area than something you live in. I don’t think I’ve ever parked anywhere I’d happily live.

markdown 7y ago
He must be thinking of Hong Kong: https://edition.cnn.com/travel/article/hong-kong-parking-space-intl/index.html https://edition.cnn.com/travel/article/hong-kong-parking-spa...
albedoa 7y ago
You've imagined what it would be like to live in a parking space if it were to remain one of a block or a row of parking spaces. I don't think that's the point being made.
lotsofpulp 7y ago
If there are fewer parking spots relative to demand compared to living spaces relative to demand, then parking may very well be more expensive. I don’t see why parking “should” inherently be cheaper, it’s always supply and demand determining price.
emiliobumachar 7y ago
In expensive real estate areas land costs should dwarf construction costs.
- lostlogin 7y ago
  This isn’t the issue though, the actual comparison is car park versus living space, and which can be built cheaper.

dsfyu404ed 7y ago

Does a slab of asphalt have the same taxes assessed and upkeep costs as an apartment?