Alex MacMillan

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That garage units had become so common was evidence of the astonishing arbitrage between parking (required at every house, unused by most, with little market value) and housing (forbidden in most neighborhoods, desperately needed, and worth much more). People complained about parking, of course, but no one would ever pay very much for it. But housing was a different story. New arrivals to the Southland, Mexican and Central American immigrants in particular, desperately needed cheap accommodations. The amplest resource available to them was the Southern California garage. Because these ...more
Paved Paradise: How Parking Explains the World
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