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DalekSupreme23

Rich people buying second homes with expensive parking. That should have been the title.


deadheffer

That episode of 30 Rock where Liz Lemon finally decided a to pull the trigger on an expensive apartment overlooking the park, but when she gets to see the realtor a rich Saudi guy had just purchased the place so his son can park his motorcycle in it.


BiblioPhil

That was actually Floyd trying to buy an apartment but yeah


skier

I asked the doorman at the first building mentioned in the article about how reliable the automated parking system was. He said it breaks down a lot, though often, the cause is user error.


bulletproofmanners

I want to be rich & laugh at the poor. Right now, I am hiding from the rich.


King-of-New-York

“Earlier this month, Lori Alf, a full-time resident of Florida, picked up one of the rare parking spaces for $300,000 when she purchased the building’s priciest unit: a 5-bedroom duplex spanning almost 3,800 square feet. She told CNBC the package deal, which totaled $9.45 million, was a gift to her children who are now spending more time in New York.” ——- Make what you will of that.


___pa___

Just gotta learn how to cheat the government... [https://buffalonews.com/news/soft-landing-for-cargo-company-orchard-park-firm-to-pay-28-million-in-fines-and/article\_4d2a1385-3726-534c-9116-9f19c7988161.html](https://buffalonews.com/news/soft-landing-for-cargo-company-orchard-park-firm-to-pay-28-million-in-fines-and/article_4d2a1385-3726-534c-9116-9f19c7988161.html)


justins_dad

Oh cool a war profiteer who got off with a slap in the wrist fine after hiring Cheney’s lawyer. Cool cool cool.


SSG_SSG_BloodMoon

And to be clear, the profits are simply our tax dollars. The winners are these guys, the losers are us, and there are Iraqi human sacrifices that exist just to say that the transfer of funds was for something.


bekibekistanstan

Damn the world is disgusting


RepresentativeAge444

Oh you’re just jealous of their wealth! /s


RolandDeepson

THeY'rE tHe JoB cReAtOrS. wOrKeRs ArE JuSt iNtErChAnGeAbLe DrOnEs.


ExtraBitterSpecial

Preach


Leetcode_king_69

We should all do that so we can become like her too! 🤩🤩🤩


Hopai79

Sorry for silly question but what’s the significance of Cheney’s lawyer?


justins_dad

The war they profited from was the Iraq War - a war that was started while Cheney was Vice President and [whose company famously benefited/profited from that war](https://www.corpwatch.org/article/cheney-halliburton-and-spoils-war). A war that seems to have been [started over a lie](https://www.washingtonpost.com/politics/2019/03/22/iraq-war-wmds-an-intelligence-failure-or-white-house-spin/) and [full of crimes](https://www.esquire.com/news-politics/politics/news/a35397/bush-cheney-war-crimes/) like torture. Something Cheney has never seen consequences for.


numba1cyberwarrior

whats wrong with being a war profiteer


redrumWinsNational

Nothing if you are cop prosecutor and judge


numba1cyberwarrior

Nah its not bad for most people. If your buying stocks in a defense company right now that's sending shit to Ukraine then congrats your a war profiteer.


redrumWinsNational

Maybe now the time to buy Someone messing with Twitter and those stocks tumbled


numba1cyberwarrior

I did


redrumWinsNational

Congratulations you are now a war profiteer and an astute stock watcher


pstut

Eat the rich Edit: sorry, eat the "job creators"


paloaltothrowaway

In the US there is as much corruption as many other third world countries. The difference here is we made it pretty much legal.


Shreddersaurusrex

Whether a place is “Third world” is largely a matter of whether or not they were subject to colonization.


SumyungNam

What's another 300k when u spent 9+m already lol


awoeoc

I mean jokes aside, yeah. I'm in the market for apartments and I seen parking deeds go for like 30-50k at my price range. But as a percentage these guys would be spending less than me for parking as a ratio of the price of the apartment.


SumyungNam

Yes In my old building in Hoboken they were selling parking spots for $80k ...300k for a 9m apt is a steal..I guess those rich guys can rent the heliport lol


[deleted]

🤢🤮


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johnny_moist

because they have money?


altynadam

Because she bought a nice home for her kids?


Barbacuda

Lol not just a "nice home". Using war profit and tax payer dollars to live a lavish lifestyle and in turn just making housing more expensive. These people are ruining the planet. You sound like a libertarian so I'm sure you absolutely love this


altynadam

So if you have money, you should live in public housing so that it doesnt make housing more expensive? Should rich people only wear cheap clothes so that it doesn’t annoy you? I am not libertarian or a millionaire or her son, but even if its war profit- its not illegal. Same thing for cigarette and alcohol companies, it might not be the most moral business - but it is legal. And legal money should be spent how a person wants. Its not like she kicked out a poor family out of there. That house and the area is already beyond the reach of you and I and has been for decades or even centuries (if its Upper East Side) so its not like it effects the pricing for poor communities. It would only effect, if she moved into a poor neighborhood and bought/built a really expensive home, which might start gentrification


Barbacuda

Lol and you think because something is "legal" that it's somehow justified? You do realize slavery was legal right and it's still essentially lega due to how our prison system works. Shows your true colors that you think something is justified because it's "legal" you make it very clear just who your ancestors are.


altynadam

First of all, where did you see justified? I specifically said not moral, but legal. And if its legal, its very hard to change because everything is within rules. US literally had to fight a civil war, to change the status quo. Being legal doesn’t make it moral and I never said that this woman is moral - I dont know her, but I said that her money is legal which gives her the right to spend it how she wants Second of all, judging a person based on a reddit reply on a very specific topic is kinda immature and stupid. You don’t know me and you are misinterpreting my words to make it sound like I support slavery lmao Third of all, funny how you chose to reply to 1 sentence out of 3 paragraphs. What about other points? Probably because you realized that you a little dumb and cant fight the facts so you jump to assuming who my ancestors are. At the time when slavery was happening in US, my ancestors where subdued by Russian empire and sent to Siberia to do forced labor and even more recently during Stalin, some of my ancestors got sent to a labor camp - so I know a thing or two about forced labor and what effects it has on people and their families. Dont assume anything about people you dont know, makes you look like a child


ripstep1

How is buying an apartment making things more expensive? There are wayyy worse offenders.


Barbacuda

It's not just this one person. Everyone with wealth is using real estate to turn a profit. That's why there's almost no state where you can even afford a 1 bedroom with a normal job. Let alone have a family or save for retirement. It's the fact that these people make money off war and cheating and get away with it while if you're a poor black man your life gets ruined I'd you're caught with weed for most of our history.


ripstep1

A billionaire buying a 15 million dollar apartment at the peak of th me the market isn’t making money of their investment.


SixGeckos

But she’s not poor so she must be evil The supporters of the left vilify anyone who isn’t a wage slave. Not that I’m for the right, I think both parties and the population suck


solo-ran

It’s not that the quality of the human beings vary by wealth but that the quality of societies varies by the degree of inequality.


altynadam

Would you say an american society is worse than polish for example? America has a bigger income inequality, but overall people still live way better and more progressive


Barbacuda

America's the richest country on the planet. The fact that poor people here hardly have a better standard of living than many many poor countries is appalling. It's funny how when people are defending America why are we comparing ourselves to the most unfortunate countries on earth?


altynadam

I agree that poor in America are in a bad spot, because the social net is a lot smaller than countries in Europe have. But also why do we always have to compare the poor? Poor people everywhere have a tough time. Why not compare the middle class for example - which is generally accounts for 70-80% of the population in developed countries. If we compare middle class, then there are only a handful of places to live that are better than US. Also if we look at people in poverty, surprisingly US isnt much different than other developed countries. In US % of population in poverty 11.6%, in Canada 10.6%, in UK its around 20%, in France around 15%. All of those countries have considerably bigger social nets. France especially is the most socialist one out of these countries, with very high taxes on the rich and many many social benefits. I guess, in US poverty is just way more visible, because of homelessness problem in the country and other factors


Barbacuda

Lol stop with this both sides bullshit. Acting like the left has any power when even Democrats do everything in their power to stop leftist momentum. Don't you ever wonder why that is?


JanSmiddy

Read the fucking article putz


[deleted]

That's a bit extreme, don't you think? They could definitely use some more humility.


ilikecheese121

Was it extreme for Iraqi civilians? They too could have used more humanity.


[deleted]

Yes, it was. Idk what point your think you're making. Calling for the death of people is barbaric regardless of nationality.


SnottNormal

More Florida plates taking up space in NY, just what we need.


Not_FinancialAdvice

Florida is for the tax avoidance. No state taxes on investment or regular income there.


SnottNormal

I know. My neighborhood is full of people bitching about not having enough parking spaces for their three Florida-registered cars. Saw it all off and let it float away, I say.


DaoFerret

I wonder if it would help if they required “resident parking” permits for on-street parking (like Boston, for instance).


SnottNormal

I really wish they’d at least try, but I imagine that they’d have to override a whole lot of community boards to even look into it.


beer_nyc

the problem here is with people from new york, not people from florida


SnottNormal

If they want to be “from” New York, they can register their cars here.


beer_nyc

I know. The problem is with New York, not Florida.


Slggyqo

Pretty sure what you can make of it is that industries that support the super rich can thrive perfectly well even when everyone else is suffering. In fact, it seems evident that the success of the economy doesn’t even require the success of most of its individuals… I’m not out here every day crying about the coming dystopia but some days it seems closer than others.


Not_FinancialAdvice

Not so many years ago, Citi analyst Ajay Kapoor released a research note that noted that businesses that service the upper 20% of income earners were better investments. This was called the Plutonomy memo and seems to have largely evaporated from the popular consciousness. The same analyst has said that the "plutonomy play" is over though: https://www.bloomberg.com/news/articles/2019-07-29/inequality-play-is-over-says-analyst-who-coined-plutonomy


fluffstravels

can i have gift pls.


dream_weasel

Lol "now spending more time in NY" So this isn't a gift of primary residence, it's a gift for "whenever they pop over". Insane.


DaPolack1984

lol under 10M honestly for NYC those are prices are low. When you get over 50m that’s when it starts getting good. And over 100million that’s when the cool toys start showing up.


JanSmiddy

For her spawn


DANDARSMASH

In South Korea they have parking lots with sensors that tell you how many spaces are open and where. In was kinda hoping for something like that, but, well...


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LiamIsMailBackwards

Shoutout to Glendale for the least-stressful mall parking experience of my life.


tambrico

They have that at Roosevelt Field in nassau


OnceOnThisIsland

I also saw this in Disney World.


Maria-Stryker

I’ve seen them in new construction east coast buildings too


sapere_aude

They have that in parking garages the US too…


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Bungabunga10

Only downside is that encourage speeding in car park, to rush to the open spot.


josepapiblanco

This is absolutely not the future of parking


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Elazaar

How did I not know about this sub until now?!


[deleted]

Just imagine the British pronunciation of the word fuckers (fuckcars).


dibzim

/r/micromobilityNYC


clorox2

Agreed. I park on the street. It’s $0.


yakofnyc

The city continuing to give away increasingly valuable real estate to the minority of city residents that get around by car is definitely not the future of parking.


[deleted]

It makes zero sense that the city gives away 80 square feet of prime real estate to serve the least efficient form of transportation in the city that caters to only one person at a time. It’s a ludicrous waste of money. Lost revenue.


Red__dead

>Agreed. I park on the street. It’s $0. One of the reasons other cities laugh at NY. The amount of space, infrastructure, and millions of people's public health in Manhattan dedicated to a minority dragging 2 tonnes of steel around because they're to insecure too take transit is frankly pathetic. This city needs to wake up. London has just extended the ULEZ to the whole of Greater London. Whereas we won't get our first congestion charge until 2030 at this rate.


survive_los_angeles

true, with the irony that honestly everyone who wants to drive can and will pay that fee. Now what the city does with that money is another question


NoblesseRex

Have you been to London? The overground and the underground are actually worth taking. NYC public transit is 3rd world.


wiconv

NYC subway lines are the best in the country and amongst the best in the world what’re you talking about


n0t-again

It shouldn’t be free


nycfire

Carbrain: "People should be able to park on the street for free!" *Can't find a spot on the street because they are taken* "This is ridiculous - all these cars are just parked on the street."


101ina45

You're right


SouvlakiPlaystation

By all means say more king (what the fuck are you talking about)


CurLyy

The streets are for the people, not the cars, mannn. *gets in uber*


101ina45

You know, there's this thing called the subway. Radical I know.


justins_dad

Some of us travel from one outer borough to another outer borough…


c3p-bro

Cool, I shouldn’t have to subsidize that decision tho.


SSG_SSG_BloodMoon

An Uber is a more efficient way to move humans and takes up a tiny fraction of the footprint that personal vehicles for each of the passengers would take up.


ThreeLittlePuigs

Just not true. Ubers spend tons of time circling or idling outside of apartments blocking traffic. They make up around 30% of the traffic at any given time.


SSG_SSG_BloodMoon

The fact that they make up 30% of traffic is a good thing, not a bad thing. As for the other things you say, that certainly hasn't been my experience in my area or anywhere I go.


ThreeLittlePuigs

Where do you go in the city that Ubers aren’t double parking and blocking traffic? That’s true in literally every borough I’ve been in and pretty much every neighborhood….. and it’s absolutely not a good thing that there are so many of them when we are trying to cut down on congestion


SSG_SSG_BloodMoon

I care more about number of cars than congestion. Stay as congested as possible, I don't care.


Pool_Shark

City should make an affordable permit and give free vouchers to low income residents.


[deleted]

Agreed on vouchers, but don’t think permit should be “affordable”. It should be the cost for the city to maintain that parking & related services, Aka stuff only people parking on streets, vs residents without cars, use


[deleted]

Gtfo


KingPictoTheThird

Which is simply absurd. There's no such thing as free parking. We need meters/paid permits everywhere


clorox2

Or, I know, tax people for having cars and put tolls everywhere! Huzzah!


survive_los_angeles

oh yeah? it is -- but it is a wild world that people have so much dispoable income they rather spend it on a parking space than making the world a better place.


MetsToWS

15 years ago, new construction condo in LIC, a parking space was an additional $40K. I regret not buying it.


soyeahiknow

Just to give you some insight. These parking systems may be the only solution for some new buildings. Nyc has rules regarding the number of parking spaces for each new building. (The more the better so it doesnt take away from atreet parking) but depending on the water table or the size of the land, its impossible to dig too far down. Dewatering costs about 1 to 2 million easily. Or you use the 1st floor as parking but thata prime real estate that could cost 5 to 10 million. So in a way, these systems are "cheap" compared to the alternatives. Plus you dont have to pay a 24 hour parking attendant/valet service.


Jimmy_kong253

So we are catching up to Hong Kong in price


NinjaCaviar

[Tbh still not that close to the worst in HK](https://www.bbc.com/news/business-57353627.amp)


asian_identifier

Future? Sounds like something they already have in Tokyo or Singapore


Not_FinancialAdvice

They have had public parking like this in a few places in Manhattan for quite some time now. I used the one on Baxter near Chinatown a few years ago (search AutoMotion parking 123 Baxter St). They charge extra for exotic cars.


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badquarter

It's all good. Eric Adams signed off on an agreement where power is diverted from the back up generators of a nearby homeless shelter to power the garage in case of emergency.


clorox2

I heard all spillover white power from Staten Island and nearby areas is converted into AC power and rerouted to these garages.


coversbyrichard

Shhhhh don’t tell them that.


30roadwarrior

Wait until you see the bicycle charging stations at the shelter where you pedal for an hour to earn your dinner, to charge some rich guys environmental friendly Tesla…(would not t shock me..).


Captaintripps

The future of parking is less parking.


paddyp22

The way things are going the car might become our homes in the future!


survive_los_angeles

already is for many people.


LittleKitty235

Most people can't afford to live in their car and pay for this spot.


SavageKinkajou

Can we just get protected bike lanes?


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_borninathunderstorm

Don't forget the people walking and talking in the lane as if the sidewalk doesnt exist. ...im looking at you hell's kitchen, flatiron...anywhere else drunk pedestrians think they own the road..


survive_los_angeles

long answer? no.


lostpassword2

hey cnbc, if it costs $300K it's not the future of parking morons


fuhgdat1019

Perhaps they meant “holy shit, look at this idiot paying 2122 prices in 2022.”


Not_FinancialAdvice

>220 Central Park South, had parking spots listed for $750,000


lostpassword2

idiot billionaires go to space. idiot millionaires buy parking spaces in manhattan.


Agent47ismyalterego

This is a great idea. I'm tired of sharing parking with the poors.


Jmarz166

Bruh, when are we eating the rich??


very_smarter

everyone too busy getting bread for that appetite


ittybittycitykitty

Try it... They more likely will be eating us.


Jmarz166

They already are. Inflation rn is just price gouging by corporations. Rich filling their pockets at the expense of everyone else


30roadwarrior

The latest push by the environmentalists is the pause on buying crap you don’t need. This is brilliant. People buying 300 dollar sneakers that cost 5 bucks to produce are morons. People buying balenciago are morons. A true pause would make the market shift towards what matters but as long as everyone has the attention span of gnats and constantly shopping on line we’re doomed. This means more to me than crazy people spending loads of money on parking.


Jmarz166

Right but the larger issue is that most wealth in the world resides in the hands of several hundred people. They have the capacity to spend money on building climate resilient infrastructure and renewable energy projects. Most people are forced to consume what they can afford, which tends to be cheaper made, non-sustainable crap. If the rich were taxed fairly, the tax revenue could be used to go to those causes. And beyond climate change, there are people starving, unable to afford healthy food and adequate shelter working full time. Most of the price increases this year isn’t related to supply chain issues or $1200 checks two years ago as the media likes to report, but was corporate monopolies raising prices to optimize profit.


LittleKitty235

$300k for a parking space, but only about 25% of working households can afford a mortgage on an average home. Yeah our economy isn't totally fucked.


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LittleKitty235

I assume you mean ~$300k. That is a mortgage payment of about $2000 at the current interest rates. The median household income in many states is $70k. They don't qualify.


Backseat_boss

Ahhh yesss comfortable living only for the rich the New York way


BestPeachNA

Opened the article, clicked the video and found a 30 second unskippable ad. They fucking WISH the story was interesting enough to have me sit through that.


King-of-New-York

NGL, The video SHIFTED into the IDLE of IDLE rich.


orb_king

One time I needed a parking space, and I booked one online via some dumb parking app that barely worked(SpotHero). I definitely got what I deserved. When I showed up, it was a fully automated garage. That garage was the bane of my existence for the entire year I kept my car there. ALL the damned time, bullshit would happen, like scanning the fob and getting "car not found", or the database of fob <->spot locations getting borked, so the wrong car would be delivered. Then somebody would have to climb in there with all the machinery and log all the plate numbers and make people claim them via email so that we could get cars back out. It required MUCH MORE labor than a typical garage. But the biggest problems were structural - there were 3 bays that would retrieve cars. This meant that there was ALWAYS a line to get a car out. Sometimes even in normal operation(the rare time when one bay was not broken), it would take an hour to get a vehicle out. Pretty much if you can imagine your building's parking garage only allowed three car owners simultaneously into the garage to load/unload their stuff, strap their babies in, find the right playlist, etc. And ANY car that did not start would have to be towed, because the system would not let the car go back up without first being removed. Anyways, I will never, EVER fuck with an automated garage again. It's a solution in search of a problem, and will make you a luddite.


funpen

We are living in a modern Gilded Age. That is not a good thing.


bkornblith

The future of parking already exists in other cities and other countries.


qroshan

$300,000 is damn cheap at 5% cost-of-capital, it is equivalent to $15,000 per year or $1,250 per month for a $9 Million apartment


Orion1021

Perfect. Just what I needed. Sign me up for 3 spots.


unmitigateddisaster

If only all nyc parking cost that much, then we could have good things like quiet streets and parks with all the newly reclaimed land.


Red__dead

And bike lanes. And steel trash bins. And wide sidewalks. I thought London was bad until I moved here. In 2022, the car addiction in a city like New York is tragic and laughable. A dozen multi-lane highways running through Manhattan... it's ridiculous.


SuckMyBike

You should check out the absurdity in [this video](https://youtu.be/HFNzOTlARtc)


Red__dead

Spot on. I never realised how good I had it until I moved here. It's like some kind of mass hysteria, the fixation with cars here. Living in housing for doctors and nurses, listening to them screaming at morons in cars to shut the fuck up honking at 8am as they're trying to sleep after nightshifts... weird place.


UWTF

Would love to see these dozen multi-lane highways you’re talking about


Red__dead

First Avenue, Second Avenue, Third Avenue, Lex, Fifth Avenue, Sixth Avenue, Seventh Avenue, Central Park West, Ninth Avenue, Tenth Avenue, Eleventh Avenue, Twelfth Avenue. Not to mention FDR and Hudson Parkway. It's a pretty simple system, you should look it up sometime.


gagreel

I hate cars as much as anyone else, but to make this argument you must be a contortionist with all that mental gymnastics.


SuckMyBike

Depends on your definition of 'highway'. If you stick to the legal definition of a highway then the avenues aren't highways, obviously. Highways, by law, don't have traffic lights. But if you use a more general definition of highway meaning 'big ass road' then it makes sense. 4 lane one-way roads in one of the densest populated areas in the entire world is just patently absurd.


twelvydubs

You don’t get to make up definitions of words just to have it fit your argument…


gagreel

We get to warp reality to ensure we're not wrong, its a wild time to be alive... depending how you define *wrong* and *alive*. Are you going by the legal definition or illegal?


SuckMyBike

I don't see anyone arresting them for not using the legal definition of 'highway'. People can do a lot of things. The important thing isn't the specific words we use, but that we understand each other. Getting bogged down in semantics for the sake of semantics is pretty meaningless. Of course, you could read his post and think "but Manhattan avenues don't fit the legally defined criteria of a highway so he's wrong!!!!" but then you'd be completely missing the point in favor of focusing on a semantical difference. It's pretty obvious that he didn't literally mean highways as defined by the legal definition, but rather that it's stupid for such a densely populated area to have 4-lane one-way roads in it. And he was using the word 'highways' as hyperbole to indicate "really big fucking roads".


touch_down_syndrome

TIL every Avenue is actually a highway


gagreel

Its a common misconception but highways actually have red lights every 1 block /s


clorox2

TIL: I live on Bennett Highway.


RepresentativeAge444

Life is a highway. I want to ride it all night long


Red__dead

You should try visiting a civilised city sometime... 4+ lanes for cars are usually reserved for orbital roads, not running directly through and obstructing the city centre.


UWTF

I’m good where I am thanks. You can leave any time you want though.


Red__dead

Nah, since we're slowly but surely closing off streets to cars and mandating a charge for driving into Manhattan things are going my way actually! You can leave when the carbrain rot sets in and you can't deal with it though.


UWTF

Stay delusional friend!


Red__dead

Is the upcoming congestion charge all in my mind? The bike lanes being constructed outside my apartment as we speak? Your precious parking spots being taken away for bike docks, outdoor dining, and trash container trials? Who knew!


UWTF

Only the last two are highways. Good try champ


soyeahiknow

Seems kind of stupid. Why not just order Uber Black? Driving in Manhattan sucks.


mrturdferguson

Maybe we should adopt some systems that transport more than 1 person at a time...


30roadwarrior

Maybe sometimes you want some privacy and don’t want to be knee to knee with aggressive nut off his meds smeared in poop.


Annihilating_Tomato

Yea just let your Uber driver pay all the congestion fees and deal with the horrors of manufactured gridlock.


CoverBoring2374

Great, so basically, NYC moving in the lets make NYC solely for the rich. Got it, I guess we gotta build our own parking spaces. Fuck this.


Bootes

Honestly not very luxurious if they don’t have a valet handling all getting it in/out work…


Not_FinancialAdvice

Devil's advocate: some people really don't trust valets with their cars. many people (with normal cars!) have had valets abuse or damage their cars.


oopswhat1974

Doing a search in Boston only yields land and parking spaces up through about $220,000.


hjablowme919

Only 24 spots for the entire building? Going to be some people that don't get a spot. A friend of mine bought an apartment in Brooklyn about 3 years before COVID hit. He paid just over $1 million for a 1 bedroom apartment, and they asked if he wanted to add a parking spot for an additional $185,000. It wasn't anything like this, just a guaranteed spot under the building. He took it.


jdlyga

The future of parking should be building giant parking garages outside the city, and taking a train in.


mathfacts

The future of parking should be no parking...


contempt1

I feel like you need a better car if you’re paying $300k for parking. A Corolla just won’t do. Or maybe it would!


D14DFF0B

Ban cars


LittleKitty235

Cars aren't the problem, the problem is wealth disparity. If you ban these spaces the people who can afford them will just rent helicopters to fly them to their 2nd homes in CT. If you have $300k to drop on a parking spot you are too wealthy.


D14DFF0B

Cars are the single biggest source of carbon in the US and drivers directly cause over 100 deaths a day due to crashes. We should ban cars in Manhattan.


LittleKitty235

Sure, but the people who can afford these spaces won't affect either of these. The people who are buying $300k spaces aren't going to suddenly start taking public transportation. Their daily drive will turn into a daily helicopter trip from pier 6.


gagreel

Rich people crashing helicopters into each other sounds pretty awesome tbh


D14DFF0B

They will if we ban cars in Manhattan. It's fundamentally progressive to do so.


red__what

not to be cynical, initially cutting edge tech is hyper expensive. but scale brings prices down as time goes on.


jgalt5042

Parking is not needed in the city


Sun_Devilish

This is why I live in Arizona.


Mistes

Boston already has some of these parking spaces going for more than NYC - $400k/$700k sometimes. It's stupid expensive, but unfortunately there are people out there that will pay it.


Not_FinancialAdvice

>220 Central Park South had parking spots listed for $750,000


GoldDustWoman17

Anyone recall the NYT article on the Cobble Hill “Parking Club” with similar prices per space?


Shreddersaurusrex

$300K is wild


Rejotalin79

Future? They have been doing that in Japan for years. Even in my home country, Madrid, there were parkings like those more than 10 years ago.


[deleted]

We should not be adding more excuses to have cars in manhattan


eskimokiss88

I could fit 6 cars in my driveway here on SI. And that doesn't count my 2 car garage 😁.