Parking: Location, location location.

     When I moved from Manhattan to Birmingham, I often told my new Alabama friends that is cost more to park a car in New York City that it cost to rent an apartment in Birmingham...and it was true.
     Now some New York City parking is more expensive than buying most houses in Alabama!

From a NY Times story about luxury parking in that city:

Iliad Realty Group paid $9 million for a 90-space garage at 94 Laight Street in TriBeCa that offered hourly and monthly rentals. Iliad is now converting it to a members-only facility with just 60 spaces.... The parking spaces on Laight Street, which are licensed, were unveiled this summer for $400,000, plus a $500 monthly fee.