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by eropple
2971 days ago
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I don't intend to speak for 'davidw, but communities imply a social contract and people picking where to live based primarily on rental prices seem quite a bit less likely to build a rapport with that community. I'm not blaming them for it--late capitalism, yo--but it is a thing and it's not unreasonable for an established, community-concerned member to be like "hey, there's more to us than where your apartment is." |
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That's increasingly the problem in CA. Current residents have spent so much on housing that their only chance for a decent retirement is of their home values keep going up. They've paid so much that they haven't contributed nearly enough to their retirement accounts.
You can hardly blame a NIMBY if nearly 100% of their net worth is tied up in their home value and falling home values will result in them having 0 retirement and no ability to sell their home and move because they are so far underwater.