Tuesday, July 10, 2007

Markets in Everything: Rent Out Your Driveway

"As drivers, we’ve all experienced the growing problem of parking. With resident permit holder bays springing up across the country, car park prices making us wince, and penalty notices landing on windshields at a record rate, parking is becoming ever more restricted, costly and stressful.

At the same time, millions of driveways and car parks – next to major public transport hubs, town centers and theatres for example – stand empty everyday when they could be providing parking to motorists and extra income to homeowners and businesses. What’s missing and needed is something to bring drivers and their vehicles together with property-owners and their garages."

From the website
ParkAtMyHouse.com, which connects people who need a parking spot with those who have space to spare – whether on the street or on their driveway. It is a nationwide, free service in the U.K. that allows you to book the same parking space on a regular basis or on a one-time basis. The site allows you to search for parking spaces near your place of employment, restaurants, concert halls and football stadiums.

A sample of prices for London (more than 400 listings): $2-14 per day, $24-60 per week, and $70-400 per month. Although not currently available in the U.S., it might be soon.


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