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$1 Million Parking Spot

Getting parking in New York is pretty hard, so get ready to pay up if you want your own personal parking spot. How much, you ask? How bout a cool million bucks:

The private garage at 66 E. 11th St. costs six times more than the national-average price of a single-family home.

Buying it would be the same as paying a $115 ticket for illegal parking every day — for 24 years.

For moguls or celebrities, however, the rare commodity of a Manhattan parking space inside their building, with a curb cut at the street, is a huge status symbol and selling point. [...]

The hot space is about 12 feet wide, 23 feet long and more than 15 feet high.

The spot could be “duplexed” if the buyer decides to install an elevator lift so he or she can slide both the Maserati and the Lamborghini in at the same time.

Annie Karni of The NY Post has the story: Link


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As expected [Kasser and collegues (1995)], more materialistic teenagers had lower well-being and community adjustment, as well as greeater risk for psychopathology.
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