The good news is that while markets can be irrational in the short run, eventually things that create no value ARE weeded out. And the restaurant industry for

The good news is that while markets can be irrational in the short run, eventually things that create no value ARE weeded out. And the restaurant industry for one, while very competitive, is also a fairly tight-knit community (due to the rigours and stress involved in the business), and word gets around fast. I'm sure cities will also crack down on auctioning public parking spots, to the extent that it will be an unprofitable exercise.