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The Real Estate Web Blog

The $225,000 Parking Space Solution
July 13, 2007

Filed under: Casual Fridays
— admin @ 2:17 pm

Parking a $25,000 car in a $225,000 parking spot seems outrageous to me.
Your Mileage May Vary:
From the New York Times: “As real estate elsewhere languishes, Manhattan property is still escalating in price, and that includes parking spots.”

I see 2 solutions:
1.) Get a more expensive car
2.) Or get one of these

Now all I need to do is move to Manhattan so I can convince my wife I need the Ferrari.

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1 Comment »

  1. That is too funny, Sean. I agree that it’s just outrageous to pay that much for parking. You can get a cab for many years’ worth for that. Here in Tampa, an extra condo parking space is worth about $22,000-$25,000 and they are selling them because of the demand.

    Comment by Marc Vitorillo — July 14, 2007 @ 8:49 am

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