Comment by dmvinson

My question with these NIMBY debates is how rational is the fear of any new housing for homeowners in wealthy areas? How much would one 14-story apartment building decrease home values in a neighborhood? 10%? 20%? 50%? I have no idea about the economics of it but I'm wondering whats the true loss for these homeowners that have them so fearful of new housing. Without a significant loss of property value from small amounts of affordable housing in the area, the only other fear is the slippery slope argument that any additional housing will open the floodgates, which seems ridiculous on its face.