What's your solution to it then?

In practice, of course, existing residents feel entitled to "their" street parking and get mad when a new building with new people contending for those spots is built but there's no logical reason to preference residents who have previously lived there. This is where politics rears its head though.

A better solution might be to mandate parking minimums (to ensure the property is actually useful / not encroaching on the street) but not allowing "open air" spots to count to the minimum, meaning an open lot gets you nothing, a 2 level garage counts for half the spots, etc. Maybe tack on some credits for proximity to public transit while we're at it.

But in addition to pricing street parking more appropriately, and some cities are doing so, shifting the load on to the common spaces is kind of what you want to see as a transit user because if it continues to be set at a minimum you just wind up building more parking lots, highways, and cars. But if “the market” decides the market can actually signal to government entities that we do indeed need and want more options.

Like you actually want to see new apartments in urban cores built without parking garages. Theoretically (and perhaps in practice) these new developments should also be cheaper and less theoretically they give sidewalks and bus routes and tram routes more users and thus more funding and support. That then alleviates pressure on existing highways and everybody wins except the obnoxious highway lobby and the revolving door that it operates with existing state departments of highways.

I'd say change the requirements first, then if there's a surge in street parking demand there will be natural pressure to raise prices.

Another way of looking at it: parking minimums require developers to encroach upon a commons, that commons being land that could otherwise be used for more productive things than free parking.

Imagining sitting in a cosy, warm pod, driving in a tunnel autonomously, point to point, and you have my vote.

The solution, which has done in my city to genuinely smashing success is to nationalize the parking garages meaning government builds them, maintains them, and they're free forever. Dot them around a dense mixed use area and quite literally watch the money pour in. Everything is within grandpa walking distance of at least one garage, they're specced to over capacity so each one is never full, and it provides parking to the workers and apartments.

Very telling how these arguments are always the most ableist shit you've ever heard and yet people seem to think they're Very Progressive for making them.

This experiment was kind of done in Buffalo in the 70s. They blocked off large swathes of downtown to build the above ground section of metro rail. This encouraged business to close downtown locations and move to suburban malls. That kind of retail never came back to downtown in the roughly 1 decade after completion of the metro. So you had a mass transit system that went effectively from nowhere to nowhere, and managed to kill the downtown retail corridor.