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Just charge market rates for land. Overstaying (aka overconsumption) is mostly just a predictable consequence of selling something valuable at far below what i

Just charge market rates for land. Overstaying (aka overconsumption) is mostly just a predictable consequence of selling something valuable at far below what its value.

nick49488171 1y ago
Ah yes, the free market, which tends to always work in favor of the majority of people and common good.
- appreciatorBus 1y ago
  The people own the land and as such, deserve to receive it's full value. Charging $0 is stealing from the people to give to car drivers.
davmre 1y ago
Even if you charge $10/hr, or whatever the market rate would be for street parking spots, you still need an enforcement mechanism to prevent people overstaying. In general, the idea of a "market rate" for any given property depends fundamentally on a system of property rights actually being enforced.
- cellis 1y ago
  Market rate is $4.10 per hour during peak hours. But it falls off precipitously per hour and ceases to be enforced around 6pm. For overstays those little white golf cart trucks have cameras that check license plates for permits. I recently got a parking permit for $200 or so after paying like $500 in tickets for various infractions including “Parking on Grades, wheels straight”. So I very much want anyone overstaying a 2hr parking spot to get tickets and or towed to make room. And I can speak from experience having just recently being towed, that the parking downtown is ruthlessly enforced. It will cost you about $700 if you’re towed.
- carlob 1y ago
  I've always wondered what the market rate for parking would be if you allowed for things other than parking like restaurant tables, a shed, a tiny skyscraper...
  - appreciatorBus 1y ago
    Exactly. It's not much of a market if 99% of potential uses of the land are prohibited.
ungreased0675 1y ago
Perhaps the overconsumption is on the businesses that have no parking infrastructure for their customers, relying on street parking instead. What if there was no street parking allowed at all? It’s probably too late to implement this idea, but interesting to think about.
- ripley12 1y ago
  That's more or less how Tokyo works. Almost no on-street parking, people have to prove that they have a parking spot when buying a car, liberal zoning so there are lots of very small pay parking lots around the city. It works really well IMO but it would be politically very difficult in North America.
- deleted 1y ago
  [deleted]
- appreciatorBus 1y ago
  Even if every business had a 1000 stall parking garage beneath it, curb parking would still be highly valued because it’s more convenient. And since it would be valued more than zero dollars, if the city charges zero dollars for parking, then we’ll still see over consumption and contention for those spots. I agree 100% though that not having street parking at all is the way to go. My arguments about market pricing is more of a second best option – if the city is going to continue to provide land for this specific use, then we shouldn’t subsidize it or treat as a special case.

Just charge market rates for land. Overstaying (aka overconsumption) is mostly just a predictable consequence of selling something valuable at far below what its value.

nick49488171 1y ago

Ah yes, the free market, which tends to always work in favor of the majority of people and common good.

appreciatorBus 1y ago
The people own the land and as such, deserve to receive it's full value. Charging $0 is stealing from the people to give to car drivers.

davmre 1y ago

Even if you charge $10/hr, or whatever the market rate would be for street parking spots, you still need an enforcement mechanism to prevent people overstaying. In general, the idea of a "market rate" for any given property depends fundamentally on a system of property rights actually being enforced.

cellis 1y ago
Market rate is $4.10 per hour during peak hours. But it falls off precipitously per hour and ceases to be enforced around 6pm. For overstays those little white golf cart trucks have cameras that check license plates for permits. I recently got a parking permit for $200 or so after paying like $500 in tickets for various infractions including “Parking on Grades, wheels straight”. So I very much want anyone overstaying a 2hr parking spot to get tickets and or towed to make room. And I can speak from experience having just recently being towed, that the parking downtown is ruthlessly enforced. It will cost you about $700 if you’re towed.
carlob 1y ago
I've always wondered what the market rate for parking would be if you allowed for things other than parking like restaurant tables, a shed, a tiny skyscraper...
- appreciatorBus 1y ago
  Exactly. It's not much of a market if 99% of potential uses of the land are prohibited.

ungreased0675 1y ago

Perhaps the overconsumption is on the businesses that have no parking infrastructure for their customers, relying on street parking instead. What if there was no street parking allowed at all? It’s probably too late to implement this idea, but interesting to think about.

ripley12 1y ago
That's more or less how Tokyo works. Almost no on-street parking, people have to prove that they have a parking spot when buying a car, liberal zoning so there are lots of very small pay parking lots around the city. It works really well IMO but it would be politically very difficult in North America.
deleted 1y ago
[deleted]
appreciatorBus 1y ago
Even if every business had a 1000 stall parking garage beneath it, curb parking would still be highly valued because it’s more convenient. And since it would be valued more than zero dollars, if the city charges zero dollars for parking, then we’ll still see over consumption and contention for those spots. I agree 100% though that not having street parking at all is the way to go. My arguments about market pricing is more of a second best option – if the city is going to continue to provide land for this specific use, then we shouldn’t subsidize it or treat as a special case.