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It's time to stop complaing about NIMBY

Reddit often likes to complain about NIMBY, who many see as responsible for many of society's problems. But what many don't understand is that NIMBY protect our housing prices. Think of your cherished investments---the custom brownstone in an up-and-coming city, or a hip suburb with craft breweries. Imagine how your property value, and thus investment income, will suffer if your city clogs your area with giant multi-family skyscrapers, which block your views, triple crime rates, and cause 24/7 traffic. No thank you.

It's easy to be a bleeding heart, but for us realists, we need to recognize that renters are just different than us homeowners. They belong in their own parts of town, with their own kind. NIMBY is the only way to protect your neighborhood from turning into an overbuilt slum.

submitted by /u/twopointseven_rate
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source https://www.reddit.com/r/RealEstate/comments/1gd80si/its_time_to_stop_complaing_about_nimby/
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