Any car being used will need >1 space at all times: one at home and one wherever it's being parked when its driver has gone somewhere.
If you have <=1 space per car, the car is either being unused or it's parking illegally sometimes.
We need far more parking spaces per car in LA once we consider the millions of people who are driving in the city and live outside of it.
As far as housing, we'd have a 100% fully housed population with <1 house per person because a large percentage of people live with one or more people.