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"NIMBYism is directly proportionate to the amount of capital you can access." I tend to think it's more of a bell curve. The lower classes want more housing. T
by 0xBDB 3y ago
"NIMBYism is directly proportionate to the amount of capital you can access."
I tend to think it's more of a bell curve. The lower classes want more housing. The middle classes are NIMBY because the majority of their net worth is tied to their house value. The upper classes don't care, with rare exceptions for people who don't want their views spoiled.
If you live in a 20,000 sqft. penthouse in Manhattan with a doorman and a private elevator what do you care what they're building or not building at the end of the block? Safe to say it won't be anything that kills your property values. A lot of vocal YIMBYs to be Silicon Valley tech moguls.