4 ms·
Right - what I get from the parking stuff is just how undervalued parking actually is, and just how poorly cities deal with it. The restaurant one is dodgy tho
by fidotron 12y ago
Right - what I get from the parking stuff is just how undervalued parking actually is, and just how poorly cities deal with it.
The restaurant one is dodgy though. I could approve of a system where they've paid the restaurant in order to sell on a reservation (so the restaurant gets something even if there are no takers) but as it stands it's just a con.
- wpietri 12y agoParking isn't undervalued. People just pay in time, not money. Better to say that it's inefficiently priced. Shoup's "The High Cost of Free Parking" is the bible on that: http://www.amazon.com/High-Cost-Parking-Updated-Edition/dp/193236496X http://www.amazon.com/High-Cost-Parking-Updated-Edition/dp/1...
- fidotron 12y agoIt's totally undervalued. Ask the average person if they think the price of parking is right and they'll probably claim it's outrageously high, when the existence and apparently enough-to-be visible success of this app prove the opposite is true.
- wpietri 12y agoYou're making the same mistake I pointed out above. Ask people how they feel about getting a good parking spot and you'll clearly hear that they value it. Or measure the amount of time they spend driving around looking; it's a clear demonstration that they value parking. They do, however, expect it to be free. It's not a normal market. Note that the same is true about love and sex. Most people value those things highly, but you won't discover that by looking at what they pay for it.
- scott_karana 12y ago> Note that the same is true about love and sex. Most people value those things highly, but you won't discover that by looking at what they pay for it. That's a great analogy in general, thanks!