4 ms·
> Ideally these apartments could be rented to the many many many people that prefer to not have a car of their own. Especially in SF, there's a need for more ap
by brian-armstrong 5y ago
> Ideally these apartments could be rented to the many many many people that prefer to not have a car of their own. Especially in SF, there's a need for more apartments like that.
The significant price differential for SF real estate without parking suggests this is about 3 "many" too manys.
- epistasis 5y agoThe price differential reflects the high cost of devoting space to parking, not of the demand for it. A parking space require not only the square footage for the car, but also the lane to get to the parking space. A constructed parking space is equivalent to 1-2 bedrooms worth of living space, which is a huge difference in real estate prices.
- brian-armstrong 5y agoIt sounds like you haven't ever actually been in a garage. The lane to the spaces is shared by all the spaces, and the garage also houses electrical distribution, water supply, heating and cooling which couldn't be co-located with a unit anyway. It would be at best storage space, and at worst it would just go to waste.
- epistasis 5y agoThe amount of lane space scales linearly with the number of parking spaces. You can't add more parking spaces without adding additional lane length to reach those parking spaces. Take a look at any aerial view of a parking lot and you'll see that only roughly half of the are is dedicated to parking spaces.