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Time is money, as the saying goes, and recently it also became so that space is money. The value of a property is higher than ever before since it is such a finite resource. It is a luxury to own land and other properties, especially in metropolitan areas, since so many people now lease or rent. In order to save space people now live in condominiums rather than houses and drive compact cars as opposed to large ones.
Since space is such a scarce resource parking becomes a type of necessary evil. You would rather use the parking space for something else, either commercial or residential, but you just cannot get rid of them since there has to be a parking space available for all types of buildings. Whether it is home or office people cannot fully function when there is no parking space present. Having no parking is a nightmare especially for retailers since they cannot attract customers that would normally drive down to their location. |
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