NIMBYs Sure Hate Developers. But Why?

NIMBYs—foes of new development, especially the kind that’s located near their backyards—are often described as risk averse. Building more housing in their neighborhoods, they worry, could lead to more traffic, lower property values, strained services, lost parking places, lower and/or higher rents, and all manner of undesirable changes to “neighborhood character.”

But, according to a study out of UCLA, their resistance to development might have another, more straightforward...

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