--A3-- t1_j2c2gpt wrote
Reply to comment by 12stTales in Opinion: New York finally has momentum on housing and it’s time for a breakthrough by King-of-New-York
But why are these restrictions so widespread and fought for so strongly? It's because people who already own houses have a financial incentive to restrict the creation of new houses. If the supply of housing stays the same but demand increases, the value of what they own skyrockets.
The monetary incentive which leads to NIMBY zoning policies arises from the fact that housing is a commodity.
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