I live in SF and face daily the eldritch horror abominations NIMBY's brought upon this world. It's getting increasingly hard trying to keep my sanity. Their nextdoor incantations against a 24 hour bus schedule because it will degrade road quality (true story). The little leaflets they put in my mail inviting me to join their cthonian ceremonies of opposing and punishing a neighbor's hybris. The heretic wanted to remodel his parking space, but construction will raise up dust which their kids will breath while playing outside (true story). Trying to reason with them is impossible, it only results in madness..
Ok now, joking aside (though the 2 examples I mentioned are 100% true, they opposed a late-night bus because it would cause noise + somehow degrade road quality. Who can reason with old-bitter people with too much time on their hands?).
The issue I am seeing with them selling to developers for huge amounts of money, is that the developers will want to make that that amount of money++ back.
Current zoning laws limit the height of buildings, so... their only option is to only build small insanely overpriced condos and grant permissions only to super-upscale businesses, that only rich or rich-young-tech people can afford and want.
Perhaps the market will correct that in time, but powerful people as aways will fight for that to not happen.
I feel we need more relaxed zoning laws, let people build bigger and higher.