On Friday, had a funny discussion with our largest investor regarding the value of parking spaces.
His joke was that, when I’ve got loads of parking, I tell him how valuable parking is, and when I’m under-parked, I start talking about Uber.
I’m not admitting that’s true, but I did tell him that I think that, over the long term, parking is over-valued. He agreed.
The most recent issue of Mother Jones has a wonderful article exploring the implications of this shift for society, in general, and urban planning, in particular. It’s a great read.