You paid how much for parking?

This morning as I was circling around a parking lot for a spot I recalled the story of a parking spot in San Francisco selling for $82,000. That seems very unreasonable to me, but the San Fran real estate market is hot and this spot is in one of the hipper areas of town, the South Beech neighborhood. Still, that amount of money seems like quite the chunk of change for such a small bit of property. It's not like you can brag to your out of state friends in any meaningful way about owning that expensive parking space. Imagine the conversation, "Yes mom and dad, I bought an $82,000 parking spot and it is worth every penny. Gorgeous, breathtaking views and very spacious." I think if I would rather explain reasoning for getting rid of my car at that point. Actually, if I lived in San Fran I wouldn't have a car. You don't need one! So, then I ask is the market for parking spots a fool's market? And what about those who buy the spots?