But residents understand that if that property value goes down, their own property value will go down as well, no? Unless they're a renter, which is the minorit

But residents understand that if that property value goes down, their own property value will go down as well, no? Unless they're a renter, which is the minority of the population. So, even if they'd want to open a business, they'd need to be ok with the devaluation of their environment as well.