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Oh I've got no doubt that the value for humans is higher. It's just the unrealistic expectations from developers that zero people will bring a car and park on s
by mattlondon 7y ago
Oh I've got no doubt that the value for humans is higher. It's just the unrealistic expectations from developers that zero people will bring a car and park on street that is absurd.
Often these "luxury apartments" that they build like this actually don't have cars so they are kinda right but for the wrong reasons: these sort of apartments in London are often bought by people for speculation/money parking/laundering and are actually never occupied (1) so it is more that the market values the apartments as assets/money laundering opportunities more than human habitation. Locals cannot afford to buy these sort of places.
1 - https://www.theguardian.com/business/2019/may/20/uk-foreign-property-register-needed-urgently-money-laundering https://www.theguardian.com/business/2019/may/20/uk-foreign-...
- harryh 7y agoStreet parking should be illegal in the first place. Want to own a car? You should have to pay to park it somewhere.