Unbundling curbside parking costs from housing prices
研究发现路边停车成本会资本化到房价中,即使停车位未与住房正式捆绑。利用伊斯坦布尔从免费路边停车转向收费的案例,发现房价显著下降,而租金几乎不变。
This article empirically shows that at least some of the costs of curbside parking spaces are capitalized in housing prices even though these parking spaces are not formally bundled with housing units. Making use of Istanbul’s transition from free and informal curbside parking to paid and formal, we find that housing prices decreased substantially in response to city operated curbside parking, whereas rents remained statistically the same or, at best, decreased only very slightly.