This feeds into so many other systems as well, part of why medicine is so expensive is because of how expensive it is to become a doctor, both in sheer cost and in the barrier to entry for those less wealthy. Ditto for architects designing housing, city planners, economists, etc.
A lot of American cities have the worst possible inversion of this sort of policy, where every residence constructed needs to have a certain minimum number of parking spots. This means that apartment buildings end up with large attached parking lots or towers, both balloon the cost of any housing construction and push buildings further away from each other so it's less walkable. I really think it's a negative feedback loop.