Parking in Beijing Can Now Cost Upwards of $160k

Many of you will be visiting a shore-town or a local vacation spot on this Memorial Day. So when you are grumbling about finding a parking spot, or think that you are getting ripped-off by a lot attendant, keep in mind that in some areas of Beijing the cost of parking is the same as a house. And some residents are paying exorbitant parking rates on spots that they legally own but don't know it. Quartz has the full story here.

(photo credit CarNewsChina.com)