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Scrapping 86,000 new car parking spaces could save $5.2bn and drive down rents, housing report finds
(www.theguardian.com)
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If developing property becomes more profitable, there will be more competition in the market.
That aside, underground parking spaces are ridiculously expensive to build and requiring every apartment resident to pay for parking spaces regardless of how many they use just drives up car ownership, which is what really drives down the quality of a city.