ABSTRACT
Unbundled parking gives residents the option to save money on housing if they own fewer cars. Landlords customarily bundle the prices for housing and parking in a single transaction. Parking can also be unbundled in owner-occupied condominiums. Tiebout sorting undoubtedly occurs, but it is a clumsy way to provide unbundled parking, and it becomes less effective as time passes. A controversial feature of the report was its proposal to set a maximum standard of one parking space per dwelling for all new urban residential development. Off-street parking requirements are intended to prevent parking spillover. The bloated parking supply required to satisfy the demand for free parking degrades urban design and drains life from city streets. Validated parking, for example, requires extra paperwork and accounting schemes to shield drivers from the parking charges that already exist. Markets will quickly reveal the demand for parking if cities cease requiring off-street spaces.
