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One Man Just Set A Record By Purchasing The Most Expensive Parking Spot In History

The cozy spot sold for more than luxury homes do in most markets

Any car owner in an urban environment knows that your parking situation can seriously affect your quality of life. In a city as expensive and densely packed as Hong Kong, that’s especially true. In fact, one investment exec, Kwan Wai-ming, just put a value on the peace of mind that comes with your own convenient parking solution, and it’s … not cheap.

In fact, at $664,200, it’s the most expensive parking spot in the world. At 188 square feet, that shakes out to about $3,500 per square foot, or about triple what the rate is for luxury high-rise living in Los Angeles.


Here’s what the building housing the spot, the waterfront residential tower, The Upton, looks like from the street:

Inhabit Group

Such sums aren’t unprecedented in the Hong Kong market, where buyers pursue “the spot up front” as much for prestigious ego-stroking reasons as for practicality sake. In October, a buyer dropped about $600,000 for the premiere space in another luxury high-rise building.

At the risk of stating the obvious, Hong Kong real estate prices, perhaps more than anywhere else in the world, have seen stratospheric increases in previous years, marginalizing lower-income housing solutions in favor of higher-margin luxury developments.

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via Jim Browing / YouTube

Jim Browning is a YouTuber from the UK who has an amazing ability to catch scammers in the act.

In this video, he responds to a scam email claiming he bought a laptop by breaking into the scammer's computer. In the process he uncovers where the scammers work, their banking information, and even their personal identities.

"I got an 'invoice' email telling me that I had paid for a $3800 laptop," Browning writes on his YouTube page. "No links... just a phone number. It's a real shame that these scammers emailed me because I was able to find out exactly who they were and where the were."

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HG B / YouTube

Danielle Reno of Missouri left her car running and it was stolen by thieves. But she wasn't going to let her car go so easily.

For 48 hours this owner of a pet rescue tracked the charges being made on her credit card. Ultimately, she found her car at a local Applebee's, and then went after the thieves.

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via Bossip / Twitter

Sens. Elizabeth Warren and Bernie Sanders took aim at former New York City Mayor Michael Bloomberg onstage at Wednesday's Las Vegas Democratic debate, likening the billionaire businessman to President Donald Trump and questioning his ability to turn out voters.

Sanders began by calling out Bloomberg for his stewardship of New York's stop and frisk policy that targeted young black men.

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