@BenRossTransit @n8chz i'd definitely equate Prop 13 with financial gain, or financial loss avoidance. yes, loss avoidance helps stabilize residence, as rent control also does.

Prop 13 is financial, though, and is a source of supply restrictions in CA. housing is a perishable asset to local tax authorities, where other activities bring perpetual real yields, so the game becomes approve workplaces and commerce here, shift housing approvals elsewhere. 1/

@BenRossTransit @n8chz i agree, though, that resident NIMBYism is largely nonfinancial, people who simply want to preserve what they struggled to secure, the life and neighborhood they like, and don't want to roll the dice on big changes.

i don't agree, though, that residents are going against financial interest. yes, some properties would gain value as neighborhoods change, but some might well lose, and people are wisely risk averse about their largest economic asset. /fin