Re:How Tech Can Build
by jaredklewis on Wednesday April 22, 2020 @03:24AM
(#22943086)
Sure, the first order effect of minimum parking requirements is that there is more parking, which is nice in a situation like the one you describe. I don’t dispute that.
What are the second and third order effects and how do those effects compare with doing nothing? Will these laws be revisited as modes of transportation and the urban environment changes? (Spoiler alert, no). Without these laws would everyone just be permanently unable to park? Or would tenants, knowing how hard it is to park in public spots, pay a premium for private parking? Wouldn't those premiums incentivize developers to add private parking? But unlike the legal remedy, when those incentives go away, we don’t have to keep building parking spots.
What are the second and third order effects and how do those effects compare with doing nothing? Will these laws be revisited as modes of transportation and the urban environment changes? (Spoiler alert, no). Without these laws would everyone just be permanently unable to park? Or would tenants, knowing how hard it is to park in public spots, pay a premium for private parking? Wouldn't those premiums incentivize developers to add private parking? But unlike the legal remedy, when those incentives go away, we don’t have to keep building parking spots.