Like a lot of people who came to New York from somewhere else, I owned a car when I got here. And unlike many others, I’ve kept mine. It’s city-sized (a VW New Beetle), has been well-maintained, and is cheap to insure; and it happens to be at that cost-effective point where it’s paid for, but still a few years away from starting to fall to pieces. I like driving it, and we use it 20 or 30 weekends a year to get out of the city and for local hauling and errands.
When I lived in Jersey City and worked at home, the car had practical usefulness: not only did I have it available for daily shopping and errands, but on evenings and weekends I was 10 minutes via the Holland Tunnel from Lower Manhattan, where evening and weekend street parking is pretty easy to find.
After that, in inner Brooklyn, I lived in a neighborhood where storing a car on the street was possible, if not convenient, as long as you resigned yourself to one street cleaning ticket a month; I got fewer than that, on average, and still had the car available not just for weekend trips, but also for on-demand use when the need arose.
Moving back into Manhattan, however, has pretty much eliminated the on-demand use, because my car now lives in a parking lot across the Brooklyn Bridge in downtown Brooklyn, 4 subway stops from my apartment or a $9 cab ride each way. Yes, dear reader, my car and I live in different boroughs, and as I write this, I’m just back from dropping the car off at the end of the weekend and coming home in a taxi.
What makes this crazy-sounding situation rational is the pricing. Manhattan parking is priced like the scarce resource it is — in the $400-600/month range with very rare exceptions — and so I save upwards of $300 a month this way, even taking into account those taxi rides over the bridge. And this despite the fact that the category of parking I pay for, “storage,” requires me to fork over an additional 5 bucks plus a tip each time I pick up the car. (I can still get at the car 24/7, I just need to pay the 5 bucks each time I do.)
Now that I’m so used to the situation that I no longer dwell on its apparent absurdity, let me make a few observations:
Storage parking is a good idea. People like me are willing to live with a little inconvenience in exchange for saving a lot of money, and everybody wins: the garage keeps occupancy incrementally higher, the city gets a bit more parking tax, and I have a place to park.
My willingness to park in Brooklyn is evidence of a healthy market, not evidence that I’m somehow being “forced” to do something I “don’t want” to do. On the continuum between cost and inconvenience (given the underlying economics of providing this good in this city at this time), it so happens that a vendor is occupying the very position that I feel maximizes my happiness. Lucky me! This is a good thing, and in general, fostering new and creative ways of letting buyers and sellers “settle” their supply/demand transactions is a good thing. Let a million flowers bloom.
To whatever extent I’m typical, congestion pricing will work. I’m responding to a market disincentive (a $5 per-use fee plus inconvenience valued at $X) by using the car only when I really need it. I can afford the 5 bucks whenever I decide it’s worthwhile or don’t have an easy alternative, but every time I choose not to, that’s an incremental bit of public benefit in the form of foregone externality. There have been dozens of times when I opted for the subway because getting the car out seemed like too much of a pain. There have even been a couple of hauling jobs where, all things considered, it made sense to leave the car parked in Brooklyn and pick up a Zipcar on 7th Avenue, and I did.
It should be hard to have a car in the city! The infrastructure needed to support city cars is finite and expensive, and the land used for parking in Manhattan comes out of the same finite supply of land that’s used for everything else on this narrow island. We’ve made a philosophical decision as a society that most of our automotive infrastructure will be supported out of general revenues, but at the margins, whatever portion we can allocate back to the users will help keep the market for that scarce resource a little more honest, by discouraging whatever portion of demand can be satisfied just as well by less socially onerous means.