I can't see the cost of delivering and supporting humans in space dropping below the cost of, say, delivering and supporting humans underwater in SCUBA gear. Living in a space hab is like living in a deep-sea hab in many logistical ways (including no need for decompression time).
The only major uses of SCUBA I'm aware of are 1) the military; 2) mineral exploration; and 3) tourism. Is there really any reason to think there will be "an awful lot" of other economically interesting things to do in space?