Parking is Real Estate
If you live in Los Angeles, you know that one of your biggest daily obstacles in doing anything is finding a decent parking space. In the last several years, the fines for parking infractions have exponentially grown. What used to be a 20 dollar infraction has jumped to nearly 80 bucks and if you don’t pay it in time, the penalties rack up quicker than Minnesota Fats.
It’s Too Complicated
Half the time you need a lawyer and an abacus to figure out when it’s safe and free to park in any given 6 foot stretch of curb. “No parking 9am to 11am Monday thru Friday,” followed by “No parking anytime”, followed by “Permit holders excepted”. If I were to play Mayor for a Day, I would simplify the system.
Vegans park free on Tuesdays. No parking here unless you have a good reason. Medical Marijuana patients; just do what you want.
Might as Well Get Used to It
Parking is one of the biggest businesses out there. Privately owned commercial parking lots scoop up hundreds of millions of dollars a year. City owned parking meters make more than 75% of their revenue from fines, rather than coinage put into the meter.
In a complicated world, where their are rules and laws and money to be made on our everyday mistakes, it’s good to have a sense of humor with you at all times. It’s hard to comprehend sometimes, but the truth is parking is real estate. Make no mistake about that.