Submitted by listen_youse t3_101g79f in providence
tryhardwhore t1_j2o2rpp wrote
I pay to DownCity parking $225 a month to park downtown and that’s with a discount from my apartment building.
Sarcofaygo t1_j2o6mnf wrote
Ouch
listen_youse OP t1_j2obw1n wrote
Yeah, ouch, but. At 5% interest, $225/month pays off $34,000 in 20 years, not including taxes, maintenance, etc. Probably less than what that parking space actually *costs* if you add up land purchase, construction etc. and compare to what else could be done with the space.
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