Tuesday, October 7, 2014

The Hidden Reason Why Rent Is So Expensive In Cities: Parking Spaces

While many factors contribute to drive up the price of rents, parking is among the most significant, according to University of California Los Angeles professor and renowned parking guru Donald Shoup. BuzzFeed News sat down with Shoup during the CityLab 2014 conference in Los Angeles Monday to talk about how parking makes housing more expensive. His point: “It’s unfair to have cities where parking is free for cars and housing is expensive for people.”

Read the list at BuzzFeed.

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