In Charleston, South Carolina, 50 parking spaces have been put up for sale for $98,000 apiece, reports wistv.com. 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.