Nimbys are causing havoc in Austin. My old VP bought a giant house on the west side of town and now wants to prohibit building there so as to keep up land value

Nimbys are causing havoc in Austin. My old VP bought a giant house on the west side of town and now wants to prohibit building there so as to keep up land values. There are also lots of groups that dont want high rises, etc. Property prices are shooting up now.