[imtringued]

Greedy developers don't want to drive the value of their existing properties up, they want to build more properties because that is an easy way to double or triple their money.

Greedy owners of single family housing want to drive the value of their house up because they can't easily invest into a second home. A lot of them also love the idea of halting progress at all costs, even if it harms them or their children in the long run.

[jeffbee]

Housing developers aren't out there with 50-70% margins. Their net margins are usually well under 10%.

The only people doubling and tripling their money are Boomers who bought houses with 1-2 years of saving ordinary wages, spent 40 years shouting down new construction in their towns, and now are sitting on millions of dollars of unearned returns.