Point still stands, if you paid for the true cost of parking no one would bat an eye, but the current regime subsidized car use to an insane extent through inefficient land use policies. A true “market rate” bart parking spot would likely be many multiples above the current price when all costs, alternative uses, and competition are factored in.

AFAIK the private lot at West Oakland is still under $15. Well worth it. But yeah, the $3 BART charges is comically low. If it’s full by 7am, it’s too cheap!

You need to widen the universe of competition when you price parking. The universe of competition for an empty parking space is not just "everyone who would want to park here for a day" it is also "all alternative land uses to parking, including housing". A more profitable, and thus more efficient, use of the land would convert likely 99% of all BART parking land to apartments, retail and office space.

Mid-rise subsidized-affordable housing (what will realistically make it through the community's discretion, if anything at all) isn't that efficient.