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by d_burfoot
1626 days ago
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I wish you well and I hope you win. I am pessimistic though. I don't think people really understand how much current homeowners do not want additional housing to be built. It makes sense if you consider that the net worth of a typical homeowner is very substantially made up of a highly leveraged long position in real estate. If that position goes south - because of an increase in housing supply, or because of undesirable new people moving into the neighborhood - the homeowner's net worth could be decimated. Now, most people will not come out and say directly that they are opposed to new housing for the obvious economic reason, because they don't want to seem selfish and greedy and maybe racist. So they have to find a socially acceptable cover story to oppose new housing - environmentalism, concerns about safety, etc etc. |
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