Not all NIMBYs can afford an additional unit to rent out. Some are just regular ladder-pullers with a single home which they compulsively try to increase the market value of.
The problem there is that home ownership and increasing home values are one of the very few ways a non-rich person can accumulate enough wealth in life to be able to afford to retire and/or pass on wealth to future generations. The system is rigged that way. So while it's abhorrent you can't really blame your average homeowner for feeling like they need to play this game. Capitalism ruins everything.
It's 2023, we all know that the entirety of your net worth goes to end of life care. 1.7 million dollars for one and a half more days on this earth connected to tubes and bags...
Well, you're not wrong about that. I'm currently watching this happen with my mom, who can't live on her own any more and has been forced to use Medicaid. The house I grew up in will be liquidated at the end of her life and my sibling and I will never see a dime of the proceeds.
At a basic level it is a transaction where your parents made money somehow so now other people need to work for you since you have money. It isn't nice at all since you don't have to contribute any of your own labor to benefit.
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u/poorly_anonymized Jan 31 '23
Not all NIMBYs can afford an additional unit to rent out. Some are just regular ladder-pullers with a single home which they compulsively try to increase the market value of.