I think it's a great question as to whether the mortgage industry or govt should dictate social policy on whether parking is more important than a sprinkler system.  I can see how lending could occur where a condo lacking a sprinkler system is yet insurable against fire damage.  A premium pool of deficient properties makes available insurance that, in turn, protects a prospective lender's risk of loss.   I can also see how a lender might consider the lack of parking when weighing its business risk for lending .  There is no insurance pool for risk against future loss of property value due to insufficient parking.  Should securitized lending be prohibited by the govt and/or the financial industry on such residential properties lacking sprinkler systems?