Re:LA getting serious about lifting parking requirements in ...
by redis_mlc on Thursday August 08, 2019 @03:07AM
(#20642449)
> I don't know much about the US housing dynamics
Then why are you commenting?
The parent of your post was correct in saying "required", as in legally required for that zoning.
After you subtract the required parking spots, setbacks, sidewalks, driveways then what you're left with is a few super-expensive townhouses in most of LA or the project gets cancelled.
Re:LA getting serious about lifting parking requirements in ...
by jessaustin on Wednesday August 07, 2019 @11:24PM
(#20641576)
The two markets are not so similar. Air travel can only support a limited number of suppliers (in some locations this number is zero), since commercial airplanes are very expensive and require the use of valuable airport facilities. Housing isn't like that. Lots of investors can afford the note on a small apartment building. If one developer pads her profits, another one will undercut her.
We went through a similar situation with airplane tickets where I live. The govt agency in charge of aviation and the airlines all wanted the free luggage requirement gone citing cost reductions. They got it, the fares didn't get any cheaper and now you have to pay extra.
I really don't see the 17% reduction in space required for parking being passed onto buyers. People will continue to demand 1-2 parking spots because that's a high cost area and people buying there don't care that much about that discount, if that even happens.