The National Association of Realtors reports that in May 2007 the median single-family home price in the U.S. was about US$230,000. Of course, such a home typically includes an expanse of driveway and a one-, two-, maybe three-car garage.
Good luck finding a place to garage your car in Manhattan. You might have to shell out a quarter-million dollars or more if you want to park your Prius or bakfiet there. Yes, you read it correctly - $225 thousand. Not that Manhattan, but the other Manhattan, where office space can rent for upwards of $200/square foot.
Sheesh. Paying more for a space to garage your car than the median price of a single-family home. Is this what capitalism is all about?
Manhattan, parking, real estate, garage, Prius, bakfiet
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