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> those same single family home owners would become rich if they could subdivide their properties for intensive development. I have never understood this parado
by nerfhammer 8y ago
> those same single family home owners would become rich if they could subdivide their properties for intensive development. I have never understood this paradox.
There isn't unlimited demand. Just a few large apartment buildings could soak up most of the demand and then prices would go down across the board.
So essentially, you want to ban your neighbors from being able to sell for upzoning but not you. But your neighbors won't let you do that either, so everyone agrees to ban everything.