2 ms·

All of this is already factored into market prices of real estate. If parking is valuable, and included in a property, then the property price is higher. Those

All of this is already factored into market prices of real estate. If parking is valuable, and included in a property, then the property price is higher. Those who don't need a car can find nicer and/or cheaper places to live. If developers build parking structures, then the supply of housing is lowered. I'm not really sure how the landlord has more power here. These parking premiums (or lack thereof) are factored into every property I've ever shopped for.

sp332 7y ago
If parking is valuable, and included in a property, then the property price is higher. That's not really true, because a landlord can charge almost as much money for a place with a parking space as for one without. Even if a parking space is valuable to the renter, they might not have the money to afford it. So it will usually be more profitable for a landlord to build more housing and less parking. I'm not really sure how the landlord has more power here. A landlord can survive for a while with an empty unit. It's a lot tougher for a renter to survive without a landlord. Democracy is one person = one vote not one dollar = one vote so sometimes it comes to a different equilibrium than "the market" would.