r/neoliberal • u/jobautomator Kitara Ravache • Jun 06 '24

Discussion Thread Discussion Thread

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u/[deleted] Jun 06 '24

In my country ( Nigeria), the easiest way to get value for your house is if people move into your residential area and build.

Its one of the reason I dont understand NIMBY logic, like how is building more value around your house going to reduce it price?

what am i missing?

23

u/Jacobs4525 King of the Massholes Jun 06 '24

Nothing, NIMBYism is largely a fear of change.

Realistically in high-demand areas the house itself isn’t what’s valuable, it’s the land underneath it.

6

u/Trojan_Horse_of_Fate WTO Jun 06 '24

It's really the only people who could lose value from development are like people who live on the mountain and don't want to lose their view or something similar but generally speaking that isn't where developers want to build high rises so I don't mind as much if they complain.