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by jjeaff
2971 days ago
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>cash out and live like a king 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. |
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But if it is an identification of a problem? I think it is fair. The amount of misery that NIMBYs can spread through forced inaction significantly outweighs the amount received in the case of action, I think.