Quote:
Originally Posted by Ludepower
What are your opinions on buying a second parking spot these days? Will I break even or gain value buying the extra spot.
With uber and driverless cars coming. Will parking spots become obsolete or am I over thinking it haha?
|
Depends on your plans with the unit.
Most new builds are charging $30K for a spot.
I rent my parking spot for $60 per month.
It would take 41.67 years to break even at this rate, and that doesn't take into account inflation, or taxes.
Personally, I don't think not having a spot is a deal breaker.
Just have to adjust the price accordingly, especially if there is adequate street parking or spots to rent from the strata or other owners.