> "my house will go up in value if I restrict all other building" is more accurate. This was also a reason used to keep blacks and minorities out of predomina

> "my house will go up in value if I restrict all other building" is more accurate. This was also a reason used to keep blacks and minorities out of predominately white neighborhoods. Many people believed that bringing blacks into a neighborhood would devalue their homes. Once a black person moved into your neighborhood - "there goes the neighborhood". It was a self-fulfilling prophesy because once blacks moved into a neighborhood, all the white families would move out ( white flight ) which caused housing values to collapse since there were so many more sellers than buyers. On the flip side, it's why gentrification increases home values. As blacks/minorities are kicked out of the neighborhood and it becomes more white, it attracts more whites to move in. More buyers than sellers. Gentrification is the exact opposite of the white flight phenomenon in america.