Heres your guide to understanding this crucial discussion.So what does NIMBY mean.NIMBY stands for not in my backyard. It's basic supply and demand.This is, in effect, the White Houses argument as well.When unnecessary barriers restrict the supply of housing and costs increase, then workers, particularly lower income workers who would benefit the most, are less able to move to high productivity cities, Jason Furman, chairman of the Council of Economic Advisers, told Politico.
All told, this means slower economic growth.If increasing the supply of housing is the best (or only) way to make housing affordable, then why wouldn't NIMBYs support that policy.NIMBYs are often homeowners whose net worth is wrapped up in the value of their homes.
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