3min chapter

Animal Spirits Podcast cover image

The 3 Levels of Wealth (EP.302)

Animal Spirits Podcast

CHAPTER

The Tax Exempt Status of Multifamily Housing

There is an estimated 700 million to two billion spaces in the US. In Los Angeles, for example, parking covers about 14% of the land area. Almost three quarters of carless renters have a parking spot included in their rent and they collectively paid $440 million a year for parking that they don't need. Buffalo eliminated minimum parking requirements and the city's population grew for the first time since the 1950 census.

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