>so they have little interest in allowing any new construction that could be viewed as lowering their property values
This logic is so backwards on behalf of homeowners it’s unreal. Which cities are associated with out of control house prices?
SF, New York, Toronto…
What do these cities have a lot of? Housing. Increasing population density increases the tax base, which increases the level and quality of services which increases property values.
This logic is so backwards on behalf of homeowners it’s unreal. Which cities are associated with out of control house prices?
SF, New York, Toronto…
What do these cities have a lot of? Housing. Increasing population density increases the tax base, which increases the level and quality of services which increases property values.
This trend shows no sign of reversal AFAIK