5 ms·
I have personally watched very rich people spend 30 mins circling and looking for a meter spot in Manhattan, which saved them ~$15 at a cost of ~$50 worth of th
by giaour 2y ago
I have personally watched very rich people spend 30 mins circling and looking for a meter spot in Manhattan, which saved them ~$15 at a cost of ~$50 worth of their time. (I was also in the car having my time wasted, so the true cost was higher.)
People are not good at making rational decisions when hit with nominal fees.
- wffurr 2y agoParking meters in the USA are criminally underpriced.
- scoofy 2y agoIn SF we have parking meters that adjust to meet demand. I paid $5 for an hour once, and was happy to pay that to get a spot right where I needed to be.
- epistasis 2y agoAnd thats how you know it's priced correctly: you find the spot right where you want to be. (RIP Donald Shoup, you sweet king)
- scoofy 2y agoWhat's crazy is that I doubt the people who live in the area understand why it's so expensive there. It's right next to a pet hospital. Let me tell you, if you're taking you injured pet in and out of a vet clinic, you're going to be willing to pay a lot (as if $5 is "a lot," lol) so the injured pup doesn't have to move very far. That's exactly the reason why pricing should drive services. The underlying reasoning is so complex, that most of the time you'd never actually be able to understand why things are going for the rates they are.
- epistasis 2y agoOh no no, our planning process knows that people that live in a place know everything about it and have 100% perfect insight in how to best use the place. There's no need for things like "markets" where opinions can be expressed outside of the highly anti-democratic political process of giving voice only to those who show up to "public" meetings and spend hours waiting to scream at commissioners.
- spooky_action 2y agoHow rich are they if their time is worth $100/hour?