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by zozbot234
96 days ago
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> For most Americans, A house is their primary savings account, retirement plan, and probably where they keep majority of their wealth. If you allow for increases in density, that house (actually the land beneath it, but still.) becomes more valuable as it's redeveloped. So that American homeowner does benefit, by unlocking the upside of "evil gentrification" (or actually, density increase). |
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Given the above uncertainty, and higher density could result in more traffic, noise, crime, nymbys are likely taking the correction position for wealth preservation and quality of life.