3 ms·

Wanting to live in your house is not (just, or even primarily) an economic interest. EDIT: clarification

• closeparen 8y ago
  The presence of other people on neighboring lots does not stop you from living in your house.
  • drb91 8y ago
    I think I misunderstood. Why would having a mortgage make it desirable to stop others from getting one? Surely you want to fill the neighborhood as much as possible and create public services—this increases the value of everything. NIMBY on the other hand is completely irrational.
    • closeparen 8y ago
      Allowing supply to catch up with demand might crater housing prices to quasi-normal levels, destroying ~70% of most Bay Area homeowners’ net worth.