6 ms·
> home is incentivized to ensure their investment is maximized and that results in a lot of NIMBYism I'm not sure a lot of NIMBYism comes from the notion of pr
by Tiktaalik 4y ago
> home is incentivized to ensure their investment is maximized and that results in a lot of NIMBYism
I'm not sure a lot of NIMBYism comes from the notion of protecting home values.
If a home were to be upzoned for apartments the underlying land value would rise significantly, and this would be a significant financial windfall for the home owner. They should want to see their land be upzoned for apts but that's not what we see.
I think NIMBYism derives from the desire for exclusivity. When ones home and surrounding homes are ultra low density you are guaranteed to have few neighbours. This is what is eliminated when homes are rezoned for apartments.
- andrewmutz 4y agoEveryone benefits from their own property being upzoned, but loses when their neighbors build upzoned properties. Hence the NIMBYs block other people's development
- Tiktaalik 4y agoThis would only be in the case where their neighbour receives beneficial upzoning and they don't. This would be an unlikely edge case. Generally when we see upzoning advocacy it's neighbourhood wide if not city wide.