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Monday, August 10, 2009

And a Get Out of Jail Free Card Will Bankrupt You: The Cost Of "Free" Parking

Parking really isn't free
Jason Kottke writes:

Parking is heavily subsidized in the US; spaces in cities can cost between $10,000 and $50,000, a high price to pay to house hunks of metal that don't do anything for 95% of the day.

Who pays for this? Everyone. The cost of building all that parking is reflected in higher rents, more expensive shopping and dining, and higher costs of home-ownership. Those who don't drive or own cars thus subsidize those who do.

The argument comes from a book called The High Cost of Free Parking.

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