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Yes, you get taxes from a residential area. But if you get MORE from a business area, guess which one cities are going to be incentivized to attract? About th
by btilly 4y ago
Yes, you get taxes from a residential area. But if you get MORE from a business area, guess which one cities are going to be incentivized to attract?
About the road, a standard parking space is 180 square feet. At $100 per square foot for the land that's $18,000.
Now compare to the car. Per https://hedgescompany.com/blog/2022/02/how-old-are-cars/ https://hedgescompany.com/blog/2022/02/how-old-are-cars/ the median car is about 12 years old. If you want to buy a 2011 car right now, https://www.truecar.com/used-cars-for-sale/listings/year-2011/ https://www.truecar.com/used-cars-for-sale/listings/year-201... shows you a whole lot of options. All are substantially less than that.
The median car really does cost less than the space where it is parked. For more on this, see https://streetwidths.its.ucla.edu/ https://streetwidths.its.ucla.edu/