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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 poss
by 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 agoAllowing supply to catch up with demand might crater housing prices to quasi-normal levels, destroying ~70% of most Bay Area homeowners’ net worth.