AIUI, this is people paying for, and parking their car in a city-owned car parking space, and then giving up that space to someone who's willing to pay more mon

AIUI, this is people paying for, and parking their car in a city-owned car parking space, and then giving up that space to someone who's willing to pay more money for it. This is simply arbitrage, and it's legal when Wall St fatcats do it, it should be legal for everyone. If the city objects, they should charge the market-clearing price for parking. If that leads to a problem where only rich people can park, then California should build as much low-cost housing as it takes so that everyone can afford a house without paying an arm and a leg.