$25,000 For A Parking Space
Why don't these people just take the bus?
From USA Today:
If I had to start laying out that kind of cash for a parking space I think I'd start looking for a job in a less populated area.
Do you have any idea how dumb it is to spend $25,000 on a parking space? That is a huge amount of money. There are so many better ways to spend that money.
From USA Today:
Has Dick Delaney got a deal for you. For roughly $25,000, you can purchase a piece of prime Chicago real estate - a parking space in the Field Harbor parking garage.
"We actually sold three stalls to a gentleman from London," says Delaney, executive vice president of Mark Goodman & Associates, a real estate management and brokerage firm that represents the garage's owner. "Most people can't buy a $325,000 condominium, but you sure can buy a $25,000 parking space."
With parking space at a premium in San Francisco, Chicago, New York and metropolises in between, drivers are paying six-figure sums for a slot in which to slip their cars.
In some instances, the would-be owner can take out a mortgage to buy the spot. There are deeds, condominium charges and taxes for this sliver of real estate, just like any other piece of property. Owners can even will spaces to their children.
In the past year, 120 of the Chicago garage's 400 spaces have been sold.
If I had to start laying out that kind of cash for a parking space I think I'd start looking for a job in a less populated area.
Do you have any idea how dumb it is to spend $25,000 on a parking space? That is a huge amount of money. There are so many better ways to spend that money.
