Monday, October 25, 2010

Let Boston residents sell their parking space

Yglesias wants us to look at this parking problem in Boston.   Too few parking spaces for new high density apartments.  If someone owns curb space then sell it, using technology.   Existing low density residents claim apartment dwellers will take up their parking space.  The key is 'their'.  If local residents object, then work a deal to sell their space, take an income  recovering their loss over time.  Look at SF smart meters, for example.  Get the city council to redirect parking income back to local residents who lose space.

Yes, there is always a market for small units of value, if the transaction costs are brought down.

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