Re: Reducing parking spaces
From: R Philip Dowds (rpdowdscomcast.net)
Date: Thu, 20 Jun 2013 06:44:45 -0700 (PDT)
Depends on the customer.  If one is an artist with no car, a unit with an arts 
and crafts room is more valuable than a unit with a parking space.  But in 
general, you're correct:  Unit amenities are usually configured toward the 
middle of the bell-shaped curve of demand, and unusual features -- like an arts 
and crafts room instead of a parking space -- mean one is trying to sell to an 
atypical and perhaps ill-funded market segment.

RPD

Sent from my iPad

On Jun 20, 2013, at 7:55 AM, "Lautner, Patricia" <Patricia.Lautner [at] 
umassmed.edu> wrote:

> Another thing to consider is the resale value, a unit without a parking space 
> has a lower value.

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