4 ms·

Which is probably still a huge bargain/subsidy considering how valuable that space in major city centres is.

jaclaz 6y ago
Unless my math is way off: 30 days x 12 h/day x 5 US$/h= 1,800 US$ month x 12 = 21,600 US$/year Typical rent 5% of value. 21,600/0.05= 432,000 Size of a parking spot 5x2.5 m = 12.5 sqm, let's make it 15. 432,000/15= 28,800 US$/sqm Cost of a house in Copenhagen (centre): https://www.numbeo.com/cost-of-living/in/Copenhagen https://www.numbeo.com/cost-of-living/in/Copenhagen 47,555.60 kr = +/- 7,500 US$/sqm
- yokaze 6y ago
  > Cost of a house in Copenhagen (centre) That is for an apartment, not a full house of multiple storeys. If you have four storeys (counting the ground-floor), then interestingly the costs would be roughly on par. I am not sure, how many storeys the houses are supposed to have in Copenhagen.
  - jaclaz 6y ago
    Sure it is for an apartment, no matter the stories, it is a "living unit", the comparison is between 1 sqm of something that is covered by a roof, surrounded by walls, etc, and in which you can live and 1 sqm of asphalt/parking space. There is NO market in the world AFAIK where 1 sqm is considered multi-storey, a house that is 100 sqm in plan and is 2 storeys is a 200 sqm one.
    - degrews 6y ago
      Sure, but the comment above is talking about "how valuable that space in major city centres is". The opportunity cost of 1 sqm of street parking space is not 1 sqm of "living unit", but 1 sqm of land. If 1 sqm of apartment is worth $7.5K/month, and average building height is 4 stories, that suggests 1 sqm of land is worth approximately 4 * 7.5 = $30K/month (minus value of the building).
      - jaclaz 6y ago
        Oww, come on, why stop at 4 storeys? 16 will be 4 times that. My note was not about "opportunity cost", it was about the (extremely high) "rent" that a parking space at 5 US$/hour represents compared to its cost. If you buy a 50-55 sqm apartment/flat/living unit in Copenhagen, you spend roughly 400,000 $, you can possibly rent it for 5%/year, i.e. around 20,000 $/year. If you can manage to extort 5 $ /hour (for 12 hours/day) for a parking space which is 1/4th of area (and is not a building) you get more or less the same.
buran77 6y ago
If the city charged you based on the value of the land you use, you'd go bankrupt after a picnic in the park. Cities offer plenty of things "for free" (payed by taxes and other sources of income) and you benefit from a lot of those also as pedestrian or cyclist. Drawing the line at drivers seems a bit self centered. I have the feeling you consider most of what you do to be worthy of gratuity. Bycicle lanes and parking still cost to build and maintain but you get them for no additional explicit cost. Ironically (car) road tax pays for some of that.

Unless my math is way off: 30 days x 12 h/day x 5 US$/h= 1,800 US$ month x 12 = 21,600 US$/year Typical rent 5% of value. 21,600/0.05= 432,000 Size of a parking spot 5x2.5 m = 12.5 sqm, let's make it 15. 432,000/15= 28,800 US$/sqm Cost of a house in Copenhagen (centre): https://www.numbeo.com/cost-of-living/in/Copenhagen https://www.numbeo.com/cost-of-living/in/Copenhagen 47,555.60 kr = +/- 7,500 US$/sqm

yokaze 6y ago
> Cost of a house in Copenhagen (centre) That is for an apartment, not a full house of multiple storeys. If you have four storeys (counting the ground-floor), then interestingly the costs would be roughly on par. I am not sure, how many storeys the houses are supposed to have in Copenhagen.
- jaclaz 6y ago
  Sure it is for an apartment, no matter the stories, it is a "living unit", the comparison is between 1 sqm of something that is covered by a roof, surrounded by walls, etc, and in which you can live and 1 sqm of asphalt/parking space. There is NO market in the world AFAIK where 1 sqm is considered multi-storey, a house that is 100 sqm in plan and is 2 storeys is a 200 sqm one.
  - degrews 6y ago
    Sure, but the comment above is talking about "how valuable that space in major city centres is". The opportunity cost of 1 sqm of street parking space is not 1 sqm of "living unit", but 1 sqm of land. If 1 sqm of apartment is worth $7.5K/month, and average building height is 4 stories, that suggests 1 sqm of land is worth approximately 4 * 7.5 = $30K/month (minus value of the building).
    - jaclaz 6y ago
      Oww, come on, why stop at 4 storeys? 16 will be 4 times that. My note was not about "opportunity cost", it was about the (extremely high) "rent" that a parking space at 5 US$/hour represents compared to its cost. If you buy a 50-55 sqm apartment/flat/living unit in Copenhagen, you spend roughly 400,000 $, you can possibly rent it for 5%/year, i.e. around 20,000 $/year. If you can manage to extort 5 $ /hour (for 12 hours/day) for a parking space which is 1/4th of area (and is not a building) you get more or less the same.

buran77 6y ago

If the city charged you based on the value of the land you use, you'd go bankrupt after a picnic in the park. Cities offer plenty of things "for free" (payed by taxes and other sources of income) and you benefit from a lot of those also as pedestrian or cyclist. Drawing the line at drivers seems a bit self centered. I have the feeling you consider most of what you do to be worthy of gratuity. Bycicle lanes and parking still cost to build and maintain but you get them for no additional explicit cost. Ironically (car) road tax pays for some of that.