The big mystery, to me at least, about older NIMBYs is how transparently self-destructive it is to oppose having more young and lower-income people living near you. Do NIMBYs have Peter Pan syndrome, or what? This is going to be a massive, massive crisis. https://nyti.ms/2PWPxoB
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I find it interesting that people think they can stay in their giant single family homes and block other housing from being built in their neighborhoods and have any social contact, or affordable home help, as they age.
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True but there are also a ton of older renter NIMBYs who rail against capitalism and greedy developers. What are *they* thinking? And moving from a high-cost low-density neighborhood to a low-cost low-density neighborhood seems ... problematic.
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Some people may not have a choice if they live for decades longer than they expect to or they could reverse mortgage. https://www.nytimes.com/2017/07/07/your-money/one-womans-slide-from-the-upper-middle-class-to-medicaid.html …
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Or have your kids move into your house and kill two birds w/ one stone. Rely on them for some aspects of assisted living; they live rent free or can use income to pay for live-in or part-time help.
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I've seen people on NextDoor opposed to a large expansion of an existing SFH when the stated reason was to have multi-generational housing. Why? The usual: parking and traffic.
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@Redfin needs to do some educational marketing to these people badly. List it and sell! -
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I think it's desire to stay where they are due to familiarity/nostalgia with the area, self preservation/maximize personal economic gain of the asset by restricting supply. Tragedy of the commons.
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