{"id":12,"date":"2005-11-18T08:26:00","date_gmt":"2005-11-18T15:26:00","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=12"},"modified":"2007-07-23T19:59:02","modified_gmt":"2007-07-24T02:59:02","slug":"economics-101-at-the-airport","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/12\/economics-101-at-the-airport\/","title":{"rendered":"Economics 101 at the airport…"},"content":{"rendered":"

From the Phoenix Business Journal<\/a>:<\/p>\n

Parking fees will be higher next year at Phoenix Sky Harbor International Airport.<\/p>\n

Under the plan approved by the Phoenix City Council, daily parking fees in the economy surface lots will rise from $5 to $8.<\/p>\n

Parking in the economy garages will go up from $7 a day to $10.<\/p>\n

And terminal garage rates will rise from $16 to $20.<\/p>\n

The new fees take effect Jan. 9.<\/p>\n

Airport officials had requested the parking increases, citing too many cars, and too few parking spaces. The idea is that the higher rates may encourage more people to take public transportation when traveling to the airport or to park at private parking lots, outside of the airport.<\/p><\/blockquote>\n

This is not completely bone-headed. In a free market, price is an indicator of relative demand, and as prices rise, prudent buyers seek alternatives.<\/p>\n

Here’s the bone-headed part, though. In the short-term lots, the lots most in need of turnover, you will pay $1 per half-hour, an impressively high price. If you stay for 23.5 hours, you will pay $47. Ouch! But stay just a half-hour longer and the charge drops to $20.<\/p>\n

Good thinking!<\/p>\n","protected":false},"excerpt":{"rendered":"

From the Phoenix Business Journal: Parking fees will be higher next year at Phoenix Sky Harbor International Airport. Under the plan approved by the Phoenix City Council, daily parking fees in the economy surface lots will rise from $5 to $8. Parking in the economy garages will go up from $7 a day to $10. […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-12","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-general","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":489,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/489\/want-to-know-where-real-estate-corruption-comes-from-whatever-you-do-dont-look-in-the-newspaper\/","url_meta":{"origin":12,"position":0},"title":"Want to know where real estate corruption comes from? 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The six-level structure would be on city-owned land on the Phoenix Biomedical Campus, near Fifth and Van Buren streets.What it says, reading between\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/general\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":470,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/470\/blogoff-post-93-a-few-tips-on-avoiding-unexpected-fees-penalties-on-rental-homes\/","url_meta":{"origin":12,"position":2},"title":"Blogoff Post #93: A few tips on avoiding unexpected fees, penalties on rental homes . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is from my Arizona Republic column:With regard to my recent advice to a young landlord, a reader phoned to leave this sage counsel: Don't forget about the rental tax. The worst way to find out about unpaid taxes is by getting a bill for three years' worth of arrears.\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8241,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/8241\/reflecting-very-briefly-on-the-phoenix-real-estate-market-i-got-my-job-through-the-new-york-times\/","url_meta":{"origin":12,"position":3},"title":"Reflecting (very) briefly on the Phoenix real estate market: “I got my job through the New York Times”","author":"Greg Swann","date":"May 5, 2009","format":false,"excerpt":"Last Tuesday, while racing around doing real estate work and preparing for BloodhoundBlog Unchained, I was interviewed by the New York Times about the Phoenix real estate market. 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