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Yeah which makes me think parking could be priced out no?
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I think it largely would be, which would lead to people naturally adopting alternative forms of transport, instead of subsidizing both parking and its alternatives.
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Completely privatizing it would mean allowing that physical space to be used for things other than parking cars, if that's the most highly demanded use.
The reason market prices for streetside parking are so expensive is that it's often an insane use of that space.