Pricey Parking


Pricey Parking

In Charleston, South Carolina, 50 parking spaces have been put up for sale for $98,000 apiece, reports According to the article, parking in the area is very tight, and 43 of the spots are already sold.

“You can’t get a loan on a parking space, so you have to come up with the cash,” Jennifer Davis of Domicile Real Estate Brokerage, says. “There’s so little parking in Charleston and to have your own spot is terrific.”

I’m curious as to how ownership of a parking spot is enforced. The article reports that the owner’s name will be painted on the space, but for the sake of privacy, I’m not sure that’s a good idea. I wouldn’t want to be identified as the guy who paid $98,000 for parking.

I know I’d buy a boat or a vacation home before I ever paid nearly $100k for a parking space, but it’s all hypothetical because I don’t have a extra $100k for any of those things at the moment. Still, I can be happy for the folks in a position to secure their parking comfort for themselves and their posterity.

Read the article here.

Picture of John Van Horn

John Van Horn

One Response

  1. They missed an opportunity by not setting a minimum price and then auctioning them off to the highest bidder. Many urban areas have parking spaces selling for more per square foot than the residence cost.

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