The idea that upzoning decreases property values is a pernicious myth that keeps being used to bludgeon these people as greedy NIMBYs. Upzoning in response to

The idea that upzoning decreases property values is a pernicious myth that keeps being used to bludgeon these people as greedy NIMBYs. Upzoning in response to demand increases property values. It's very simple: you can charge more people high rent on the same plot. This isn't guesswork, we have the numbers. Upzoning is financially beneficial to existing home owners.