4 ms·
>Investors do not at all have the votes or weight at a local city level in most cases, especially large ones from out of town. Yes, the institutional investors
by slg 4y ago
>Investors do not at all have the votes or weight at a local city level in most cases, especially large ones from out of town.
Yes, the institutional investors aren't going to be in your local council meeting. They will be meeting with your state assembly members. They will be meeting with your Congresspeople. They won't be literal NIMBYs focusing on anyone's "backyard". However they will be working towards the same goals at NIMBYs, just at a larger scale.
- giantg2 4y agoLikely under the guise of safety, environment, etc like building codes and conservation zoning.
- throwaway0a5e 4y ago>safety, environment, It's amazing the power those subjects have to turn "YIMBY" into "regulate me harder daddy". The cognitive dissonance required to enable this about face is a bad thing and seems to be becoming more and more prevalent and accepted in all sorts of public policy contexts.
- giantg2 4y agoIt's because it's "regulate my neighbor" and it doesn't currently apply to them, until they need to remodel or whatever years down the road. Most people don't realize the full impact of the legislation they support.