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October 10, 2008

Neighborhood Parking as Economic Indicator?

parking in echo parkHas parking been easier in your neighborhood recently? It has been for one Echo Park resident who has noticed this trend, via The Eastsider LA: "As if following the financial markets, parking began to appear right as we approached the bail (fail) out and credit crisis. Each day more space, even at night. Now I see spaces in front as the Dow dips below 10,000 with each dive. Could Laguna Ave. be some kind of bellwether street for the economy?"

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Comments (2) [rss]

Zach -- please fix typo in headline. Thx!

 

I would think its more tied to Gas prices than economic indicators. (Though, arguably, those are linked). But Gas has a direct link to people's preference of driving versus finding an alternate mode of transpo or carpooling. As Gas prices go up, more parking spots become available.

Arguably, as the economy has troubles, people are also trying to save more, and may drive less for the same reasons. But this is less direct.

 
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