Right. It doesn’t matter if landlords collectively profit because their behaviors are guided by their individual interests, not all the landlords of SF as one.

Right. It doesn’t matter if landlords collectively profit because their behaviors are guided by their individual interests, not all the landlords of SF as one. In other words, different landlords with different plans, assets, and resources will act differently. Even if the collective landlords of SF did somehow lose profit from NIMBYism’s rise, some of them will stand to gain a lot and I’d bet on landlords at this NIMBY Prom event standing to gain a lot.