There is “Always” a demand to live in a nice weather, protected area vs shitty weather, bad neighborhood but the issue is about long term investment and return.

Also “nice areas” don’t want new homes or type of multi family residences built around them and created ordinances to prevent it because it ruins their home values and creates more traffic, pollution and crime.

It’s a “I was here first” mentality to make sure an area stays protected and controls a market instead of letting the market decide on its own. Like socialism for the rich with gated communities and deciding the politics of a city versus the market.