alt Hacker News> And where it isn't...well, American housing prices and rents are increased to pay for them.
The driver of housing cost in US cities is lack of supply. Parking spaces are a drop in the bucket versus what is missing. The root cause is zoning laws; particularly the height restrictions as they currently stand.
> Parking spaces are a drop in the bucket versus what is missing.
https://www.kiro7.com/news/local/seattle-parking-spot-sells-...
That was 2022, $56k is probably about 10% of a one or two bedroom condo price.
> The root cause is zoning laws; particularly the height restrictions as they currently stand.
Tokyo is, as I understand it, the libertarian ideal for a city that doesn't let zoning get in the way of a good time, and parking space prices are still expensive there:
> Monthly rental rates for spots in the 23 Wards range from ¥30,000 to over ¥80,000, which reflects high underlying property value.
That's $200 to $500 a month.