Tuesday, August 25, 2015

OCHN: Can a parking space be worth $1 million?

It’s difficult to imagine paying more for a single parking space than most houses are worth, but some urbanites do.

Like any form of real estate, the sales prices of parking stalls are subject to the laws of supply and demand. If the demand is high and the supply is low, bidders compete...
Can a parking space be worth $1 million?

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