| ▲ | seanmcdirmid 3 days ago | ||||||||||||||||
Parking garages in HCOLs are expensive, they definitely aren’t free. You can’t build a new multi family without planning for one or two levels of garage underneath. But you are correct that sub-basements, at least in the USA, wouldn’t have been used for living space anyways. | |||||||||||||||||
| ▲ | fc417fc802 3 days ago | parent [-] | ||||||||||||||||
Right, I specifically called out that I agree with you on that. They aren't cheap. But then most places around here charge $50 or even $150 per month per parking space so it's not like the spots are being given away either. > you are correct that sub-basements, at least in the USA, wouldn’t have been used for living space anyways. That isn't what I said. I claimed that the amount of space dedicated to parking, if converted to housing, would not meaningfully reduce the housing shortage. It's a simple numbers game. The shortage is far larger than all of the current parking combined. We badly need to build much farther upwards but it is not permitted to anywhere near the extent necessary. Another way of looking at it is to ask, if every unit of housing in a major city added additional square footage equal to a single car, would that make or break the market? Even at the scale of the entire market it would still be well under 10%, probably under 5%. The typical apartment in the US is definitely larger than a 5x2 grid of parking spaces. Meanwhile most HCoL cities could do with double the housing inventory at absolute minimum. Probably substantially more. This is the same problem with reducing setbacks. Unscrupulous developers keep lobbying for that (and often getting it). We don't need to reduce buffer space. A few extra feet around the perimeter of a lot is nothing compared to doubling (or 3x, or 5x, or ...) the height. We are suffocating under our own political dysfunction. | |||||||||||||||||
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