Counterpoint: NIMBYs in SF preventing development of new housing by even a small entrepreneur: https://www.youtube.com/watch?v=ExgxwKnH8y4
Something tells me JP Morgan would have an even tougher time getting past the NIMBYs.
Something tells me JP Morgan would have an even tougher time getting past the NIMBYs.
You are right that NIMBYism isn't good for developing new housing, which is what JP Morgan is trying to do. How do they get past that initial hump? I don't know, but they obviously think they can.
But once that housing is built, there will be every incentive for JP Morgan to go ultra-NIMBY to protect their investment. Luckily, local government is very easy to push in that direction.