Lately I’ve been thinking about homeowners. I’ve come to conclusion that being homeowners, and thus having their money locked up in one object - their house, makes them do some pretty rotten things. Not only property value concerns, but their feelings that they have an inalienable right to perfect peace and serenity within their neighborhoods, no matter what the cost.
Example: A friend of mine went to a neighborhood meeting one day. The subject of renovating a park came up - to make it something that kids and families would actually like to go to. The homeowners in the neighborhood opposed it. Why? It would bring more traffic and parking problems into their little neighborhood. Much better to have something that no one would want to go to.
Another example: In the affluent cities around here, the homeowners have kicked up an incredible fuss whenever the city tries to build affordable housing (in compliance with state law!). Result, no housing gets build. We wouldn’t want THOSE kinds of people living amongst us, would we? It would definetly bring down our property value!
Other examples: The situation of massive “white flight” whenever an African-American moves into their neighborhood. Somtimes, within a few months, most of the houses go on sale. Hey, the homeowners say, it’s not us who are prejudiced. Other people are, and because of this our property value is decreasing. So we just want to protect our investment. Yeah… right.
Not to mention the opposition of homeowners to any development in their neighborhoods (NIMBYism), that contribute to the problem of urban sprawl. IN fact, a massive housing shortage is in the best interest of the homeowner, so they do everything to discourage any new housing to be built.
Is there any defense anyone can give to these guys? Does anyone else agree with me? Is it the system? Wouldn’t it be better if we all were forced to rent? Tell me your thoughts…