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> In-building parking is a widely available amenity amply provided by the market. This is an odd claim to make. Regulation has historically required that it be
by Reelin 7y ago
> In-building parking is a widely available amenity amply provided by the market.
This is an odd claim to make. Regulation has historically required that it be provided in most (American) markets, hence the ample supply. I'm not sure how we could possibly know what the market would do on its own over the long term.
Requiring excessive parking will artificially and needlessly raises prices, true. But I would also be at least somewhat concerned that without sufficient regulation short term thinking on the part of builders might result in less parking than would be generally desirable.
I'm not at all convinced that urban planning should be done by market forces alone.
- jaredklewis 7y agoI don't see anything odd about the claim. There is no "minimum air conditioning" requirement where I live, but pretty much every building I walk into has it. My apartment, like most apartments I've seen, also has it. Turns out that people don't need the government to tell them what they want. People like AC, so most buildings have AC. Not particularly remarkable, but most apartments in my area also come with refrigerators, stoves, ovens, sinks, showers, and dishwashers, all sans-minimum-appliance requirement. To me, a minimum parking requirement seems as weirdly dystopian as requiring ACs or dishwashers. Most people like those things, so most buildings will have them, but it shouldn't be illegal to decide you don't need an AC or dishwasher.
- gamblor956 7y agoAC/heating are actually required by law in most of the US. For example, in the Northeast, heaters have been required for all residential construction for many decades. Residences without heaters are legally considered not habitable. In most of the Southwest like Arizona and Nevada, new residential construction must have ACs (in CA, it's not a universal requirement and window units meet the requirement). Few residential apartments come with washers. Generally, those would be apartments classified as "luxury" or better (where luxury is a rental term of art referring to amenities, not the actual quality of the building...)
- jaredklewis 7y agoI didn't know that about other parts of the US. I can see how it might make sense in Arizona. In California, mandating ACs would be enormously stupid. For one thing, it would needlessly inhibit use of the many other methods that exist for cooling buildings (a la Apple Campus). But also, the California climate is temperate enough that it is very much possible to live without AC. I have an AC but have not used it in more than a year. I see no reason why we should require everyone to have one. I of course have no objection that buildings must be habitable. A building with dirty water, structural issues, or lacking heat in a cold place is obviously not serving any market segment. Parking seems to me be fundamentally different than those issues though. I know many people that happily live without a car in LA. Why should it be illegal for developers to cater to them?
- rory096 7y ago>This is an odd claim to make. Regulation has historically required that it be provided in most (American) markets, hence the ample supply. I'm not sure how we could possibly know what the market would do on its own over the long term. Sure we can. Those regulations are not always binding. Buildings are built with parking capacity in excess of minimums all the time. >Requiring excessive parking will artificially and needlessly raises prices, true. But I would also be at least somewhat concerned that without sufficient regulation short term thinking on the part of builders might result in less parking than would be generally desirable. Why? What's the market failure? For that matter, why is there a "general desire" for the quantity of at-home parking I individually consume? >I'm not at all convinced that urban planning should be done by market forces alone. That's a strawman — removing parking requirements is a far cry from "market forces alone" doing urban planning. (It is, however, a great example of how non-market forces can create worse, environmentally inefficient, undesirable outcomes by submitting what should be private choices to mob rule.)
- zjaffee 7y ago> It is, however, a great example of how non-market forces can create worse, environmentally inefficient, undesirable outcomes by submitting what should be private choices to mob rule. There is no evidence that this is the case though. The vast majority of new construction has always been targeted towards the top of the market, which in the case of Los Angeles means a need for parking spaces. The only clear case where the market would act differently would be in the case of commercial parking requirements, where a one sized fits all approach as exists today doesn't work as each neighborhood in LA drives a different amount.
- rory096 7y ago>There is no evidence that this is the case though. The vast majority of new construction has always been targeted towards the top of the market, which in the case of Los Angeles means a need for parking spaces. Changes will more likely happen at the margin. I have no doubt that an apartment building with 1 space per 1br apartment instead of 1.5 would still be marketable at the top end.