I know it is common where you are, but this country lad finds your purchase most interesting
lol yeah even the suburban boy in me who grew up 16 miles from here had no idea about parking issues in the urban areas. but once you live in an urban area, you figure it out quick. This wasn't too common as a lot of condo buildings make it much harder for a non-owner to buy a spot, if at all. I don't live in the building. If I ever sell my place, just being able to offer a spot with it adds a lot of appeal to the listing, besides tens of thousands of dollars. I just have to offer it to the building owners for two months. That's the only by-law I have to deal with.
Not far from me it's 50K in another neighborhood for a garaged spot. In Manhattan, six figures.
But crunching the numbers, in just over 8 years of renting at $300 I would spend 30K. So it's a smart financial move. Even if the housing market cools off, parking spots are still at a premium. It's not like they build extra of those over the years. Or I can just rent it out. Easy decision. This was the absolute only price I could buy it though, any higher I'd have just had a dream.
By me parking is not bad during the day. Other small towns and neighborhoods by me can be pretty bad all day, to terrible, like in Hoboken. But around 5-6pm by me it starts to get tough to find one. By nighttime it's really hard to find a legal spot. Plus street cleaning is a bummer.