How Much Is The Perfect Parking Spot Really Worth?
We've all been there before right? Cruising around a parking lot, looking for a spot to rest our car.
You keep driving around hoping something will present itself...but it doesn't.
Now you're starting to sweat it because you've got two minutes to get clocked in at work and you have to look somewhere else for parking.
Wouldn't this be easier if you could just have an assigned spot so you know it will ALWAYS be there? Of course it would.
A recent study was done by Gunther Mazda in Fort Lauderdale asking people just how much they're realistically pay to have their own private parking spot. Whether it be at home if they live in an apartment or condo, or at work where if you want a good parking spot, you have to get in 30 minutes early.
Now obviously, the amount people are willing to pay depends on where they live and work. For example, someone may be willing to spend $15,000 a year in New York City, but not anywhere close to that here in Amarillo.
So what about Texas in general? There's Dallas, Houston, Austin and San Antonio as the "big four" in the state. They've got the highest populations and would be more likely to pay up for a specific parking spot, and probably be willing to spend far more.
Factoring in every city in the state, Texans on average would be willing to spend a touch over $9,000 a year for the perfect parking spot!
Look, I'm all about having that close, perfect spot that makes it easy to get in and out of somewhere. Am I willing to drop that kind of coin per year though? Ehhh, I don't know. That number equates to probably half a year or more of a mortgage or rent depending on where you live. I don't want to be paying close to the same per month that I pay in rent/mortgage for a parking spot.
At least we aren't Portland, Oregon. They're willing to pay nearly $25,000 a year. That's bananas! You can see the full study here!