4 ms·
Will NIMBYs become an endangered species? A lot of regulations are aimed at keeping property values high with the idea that most (or at least a substantial port
by PolygonSheep 5y ago
Will NIMBYs become an endangered species? A lot of regulations are aimed at keeping property values high with the idea that most (or at least a substantial portion of) voters own real estate and want it to appreciate. If we become a nation of renters with only a tiny minority owning real estate then who cares about keeping property values high anymore? It's not your problem! Your net worth will no longer be impacted by changes in the market value of the house you live in. Housing will be an expense, not an asset, and "the rent is too damn high!" might catch on.