Development can sometimes increase demand for previously blighted urban areas. A few years ago, I used to live in expensive re-purposed lofts in an area of Bos

Development can sometimes increase demand for previously blighted urban areas. A few years ago, I used to live in expensive re-purposed lofts in an area of Boston metro which was in disrepair in the 90s. There’s a similar story for Bushwick and Williamsburg in NYC. However, by the time an area has become popular, restricting development will only hurt rent affordability. I guess some would like to prevent their neighborhoods from becoming popular in the first place though.