[PreachSoup]

> gets hijacked by wealthy people to stop things like needed housing from going into their neighborhood.

Everything for inducing the demand and reducing the supply. The invisible hand of extracting values at all cost.

[pfannkuchen]

I don’t think wealthy people are thinking too much about their property values when it comes to opposing building in their own neighborhoods. They want to maintain the social prestige they have from living somewhere fancy and they want to keep the poors away from their home.

[pjc50]

> They want to maintain the social prestige they have from living somewhere fancy and they want to keep the poors away from their home.

.. which they will literally state in terms of property value.

[PreachSoup]

> social prestige they have from living somewhere fancy and they want to keep the poors away from their home.

Value doesn't only mean monetary value. Social prestige is one of the values too. And sometimes they are transferable. The invisible hand is not just about the literal money

[deprecative]

Doesn't that seem to implicitly state that property values are precisely what they're thinking about when trying to keep the poors away? If the poors are able to move in then the value of the property must be inexpensive for them to be able to.