Archinect - News 2017-08-20T09:45:26-04:00 https://archinect.com/news/article/150018228/car-less-apartment-renters-pay-16-of-their-rent-for-parking-that-they-don-t-use Car-less apartment renters pay 16% of their rent for parking that they don't use Anastasia Tokmakova 2017-07-18T18:43:00-04:00 >2017-07-18T17:43:42-04:00 <img src="https://d38w84nuu9j2kr.cloudfront.net/images/650x/56/56giuprm2axljmha.jpg" width="650" height="434" border="0" title="" alt="" /><em><p>The average price of building a garage parking space (as much as $34,000 in 2012) is passed on to people whether they own a car or not, and distort the true demand for urban parking.</p></em><br /><br /><p>According to the 2011 National American Housing Survey data of the US census, about 16% of a housing unit&rsquo;s monthly rental cost is attributable to the expense of building an urban parking spot. For the average renter that amounts to to $1,700 per year, or $142 per month.</p> <p><em>Parking mandates increase housing prices by displacing area that could have gone to housing (thus shrinking supply), and makes each new unit more expensive to pay for more garage parking. A&nbsp;<a href="http://www.tandfonline.com/doi/abs/10.1080/01944363.2013.785346" rel="nofollow" target="_blank">separate study</a>&nbsp;in Los Angeles found the city&rsquo;s parking minimums raised apartment prices by about $200 per month and price of a condo by about $43,000. Renters without cars end up subsidizing this arrangement to the tune of about $440 million annually in the US. While only 7% of US rental households lack cars, according to Census data, this burden falls most heavily on the urban poor since lower-income households can least afford to subsidize garage parking spaces.</em><br></p> <p><a href="https://www.jtlu.org/index.php/jtlu/article/view/730" rel="nofollow" target="_blank">Researchers find</a> that it might be less wasteful to price and sell ...</p> https://archinect.com/news/article/107404399/life-after-brooklyn Life After Brooklyn Alexander Walter 2014-08-25T13:53:00-04:00 >2014-08-26T08:52:39-04:00 <img src="https://d38w84nuu9j2kr.cloudfront.net/images/650x/o2/o2wbz09vwxyty48e.jpg" width="650" height="433" border="0" title="" alt="" /><em><p>Fed up with rising rents, bidding wars and neighborhoods that no longer resemble the low-rise bohemian enclaves they found when they arrived, many Brooklynites are moving out. They include decade-long renters who can no longer keep up with price hikes, qualified buyers who have been outbid one too many times, and young families who simply can&rsquo;t find the space they want at prices they can afford.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> https://archinect.com/news/article/105939752/bed-stuy-prices-soar Bed-Stuy Prices Soar Nicholas Korody 2014-08-06T13:51:00-04:00 >2014-09-09T13:50:41-04:00 <img src="https://d38w84nuu9j2kr.cloudfront.net/images/650x/c7/c7of32t4l4rn1in6.jpg" width="650" height="433" border="0" title="" alt="" /><em><p>As prices rise in Brooklyn, brokers in Bedford-Stuyvesant have been breaking sales records left and right since March [...] Nine of Bed-Stuy&rsquo;s top 15 residential sales in the past five years are from 2014 [...] Meanwhile, the median sales price during the second quarter rose to $630,000, up from $425,000 in the second quarter of 2013. In June of this year, the median asking price was even higher, according to StreetEasy data: $895,000, a 50.4 percent increase from June 2013.</p></em><br /><br /><!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN" "http://www.w3.org/TR/REC-html40/loose.dtd"> <html><head><meta></head></html> https://archinect.com/news/article/27795412/99-v-1-the-data-behind-the-occupy-movement 99% v 1%: the data behind the Occupy movement Quilian Riano 2011-11-17T13:38:30-05:00 >2011-11-24T09:05:52-05:00 <img src="https://d38w84nuu9j2kr.cloudfront.net/images/650x/iu/iusbt1bk6v58qppi.jpg" width="456" height="314" border="0" title="" alt="" /><em><p>It has been the rallying cry of the Occupy movement for the past two months - but is the US really split 99% v 1%? As poverty and inequality reach record levels, how much richer have the rich got? This animation explains what the key data says about the state of America today</p></em><br /><br /><p> It has been the rallying cry of the Occupy movement for the past two months - but is the US really split 99% v 1%? As poverty and inequality reach record levels, how much richer have the rich got? This animation explains what the key data says about the state of America today</p>