4 ms·
That's their excuse, the real reason is they don't want to their home they paid $1.5m+ for to depreciate.
by almost_usual 8y ago
That's their excuse, the real reason is they don't want to their home they paid $1.5m+ for to depreciate.
- zanny 8y agoIf their homes were rezoned for skyscraper development their quarter acre that could host a hundred apartments vertically on it alone would go from 1.5m to 150m overnight. The NIMBYs are going against their own economic self interest by resisting density, they are just petrified with fear that their house is the one just outside the criticality zone where developers would buy all the land for exorbitant money to build a metro and their area would become some sort of forsaken blight or be bulldozed at "fair market rate" via eminent domain to build the infrastructure to support that density.