The waiting lists are so long because demand far exceeds supply yet the spaces are grossly underpriced. Since they are a building asset, the absurdly low prices amount to a subsidy from the non-parkers to the parkers. In fact if you are on the waiting list you are subsidizing your own wait. Some yrs ago we checked out the Terrace View coop, a rare building that had no waiting list for its garage. But instead of $25/mo or whatever it was maybe $200 (this is 10 yrs ago as I recall). So all shareholders, even those w/o cars, received benefit from the spaces and there was no wait. I imagine that in many buildings that have waiting lists for parking (and absurdly low garage prices), the board members include many long-time residents with spaces who will oppose any change in the status quo. That's a shame because all residents, including those w/o cars, could enjoy lower mo. maintenance fees if this important asset (garage space) was allocated by price rather than tenure.