Thursday, June 12, 2008

"Scandal" of Handicapped Parking Permit Sales

The city of London has instituted congestion charges to try and reduce traffic within the city. Parking rates have also steadily risen. You can imagine that if you owned something that would allow you to avoid these charges, the value of that object may have increased as those costs have risen.

According to the UK's Daily Mail, drivers appear to be much more interested in obtaining disabled parking permits and the value of disabled parking permits (measured by sale prices on eBay) are spiking. In 1987 there were about 14 permits per 1,000 people while last year the number had risen to 46 per 1,000 people. Prices on eBay have approached $10,000. The Daily Mail labels this practice of moving the permit asset to a higher valued use "scandalous"

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