San Francisco parking spot sells -- for $82,000

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posted on Jun, 14 2013 @ 01:10 AM
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What’s eight feet wide and 12 feet deep and sells for $82,000?
--An enclosed parking spot in a condo building in the trendy South Park neighborhood in S.F.--

Say what???


No, that is not a misprint.
Some person actually paid that much....$$ in cash $$

"The owner has a deed for the little piece of land and paid cash for the spot, which was only on the market for two weeks. "


San Francisco Chronicle columnist C.W. Nevius reports Thursday the parking deal might be part of a new trend. The spot was sold last week by Sean Sullivan, an agent with Climb Real Estate who had some experience: He sold another one in the same building for $95,000 during San Francisco’s last boom.

www.latimes.com...

I realize that's part of the 'investment' when buying a condo like that, and some places it may run more.
But as tough as times are in a majority of America, and California being one of the states hurting economically big time, these types of purchases just blows my mind.





edit on 14-6-2013 by snarky412 because: (no reason given)




posted on Jun, 14 2013 @ 01:15 AM
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reply to post by snarky412
 


Isn't that crazy, It is hella-expensive up there.

Check out the prices for parking spots in Hong Kong. They are three times as expensive.

Yeah, it's nuts.



posted on Jun, 14 2013 @ 01:21 AM
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That's insane. People pay less than that for a home in some places, and people can afford to pay that for a parking spot? That much money to waste, I wonder if they give any to charity, or anything like that. Probably not.



posted on Jun, 14 2013 @ 01:22 AM
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I'd just listened to a TV program the other night while trying to get to sleep, and it was about Frisco parking. Apparently they have a problem. My wife loves the TV in bed and this time it really turned out interesting! I found a site with approximately the same numbers I heard on the TV program about this.


Each day there is an increase of approximately +35,400 vehicles in San Francisco during the daytime hours monday through Friday, bringing the grand total to:

505,733 vehicles
and
320,000 street parking spaces

There was a recent UC study showing that approximately 1/3 of all downtown San Francisco traffic is from vehicles circling looking for a parking place. But we San Franciscans, being the pioneers and innovators that we are, scoff at the old paradigm logic that tells us “You can’t put 10 pounds of cars into a 5 pound bag.”
Source

People in developing nations must look at us and what we worry over in the way of problems and just shake their heads....lol



posted on Jun, 14 2013 @ 01:23 AM
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Originally posted by GrantedBail
reply to post by snarky412
 


Isn't that crazy, It is hella-expensive up there.

Check out the prices for parking spots in Hong Kong. They are three times as expensive.

Yeah, it's nuts.


I'm just an average 'Joe' doing my best to make a living.
We live comfortable and never are wanting for any thing.
--BUT--
This is just crazy.
But I guess if you got $83,000 just laying around, why not buy a parking space?


I'm sure I could think of some thing better to spend the money on, but that's just me....



posted on Jun, 14 2013 @ 01:27 AM
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reply to post by Wrabbit2000
 





People in developing nations must look at us and what we worry over in the way of problems and just shake their heads....lol


Some times I think our priorities, as a nation, are all screwed up.



posted on Jun, 14 2013 @ 01:33 AM
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I live in the country.

I park in the street, alleys and sometimes on a lawn.

Cost to park in the country? Nada.

Cost to park in the City? Arm, leg and soul.

My laughter? Priceless.


Peace



posted on Jun, 14 2013 @ 01:33 AM
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reply to post by snarky412
 


That's nothing compared to a prime spot downtown Hong Kong...

www.businessweek.com...



posted on Jun, 14 2013 @ 01:41 AM
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Originally posted by coastlinekid
reply to post by snarky412
 


That's nothing compared to a prime spot downtown Hong Kong...

www.businessweek.com...




That's probably pocket change for the folks that can afford it.

Way out of my 'pay grade' for sure.
Oh well, maybe in my next life.....

Except it sure as hell won't be money spent on a parking space.



edit on 14-6-2013 by snarky412 because: (no reason given)



posted on Jun, 14 2013 @ 01:48 AM
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Originally posted by jude11
I live in the country.

I park in the street, alleys and sometimes on a lawn.

Cost to park in the country? Nada.

Cost to park in the City? Arm, leg and soul.

My laughter? Priceless.


Peace


Now that's what I'm talking about!!

I'll gladly take the country any day over the city.

Not only is parking free, but the air is fresher and not near the noise.



posted on Jun, 14 2013 @ 10:16 AM
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reply to post by snarky412
 
Dang! I only gave 32K for my house and the one and a third acre of land it sits on! Perhaps I should tear it down and turn it all into a covered parking lot? Probably wouldn't do me any good here, neighbor has a potential five acre parking lot!





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