8 NIMBYs' Myths Explained

Here it is, my manifesto on NIMBYs' Myths.
I have been thinking about creating this video for a year now. I put a lot of thought into it. It came out of frustration hearing the same arguments again and again, knowing they are even said just because we gave them the legitimacy that they are going to work for them, not because they are true.

[@karld1791]

What homeowners are looking for is constantly rising house prices from a lack of supply by not allowing anything getting built. Not simply a new building reducing their home value they want constant increases.

[@hghayesh]

Hi Naama,
Thank you for the video is very informative and makes really good arguments. Can you please elaborate on Myth #2? I have always thought it good for the government to invest in social housing? Specially in a city like Toronto where prices are way above the average buyer. Is there no European model of social housing that would work for us ?

[@TRWnan]

My response to this segment, in meme format: 'Stares in Vienna"...
In this section she's not debunking a NIMBY myth, she's making a political statement of opinion. Bad opinion. Harmful and either ignorant or callous opinion. ... She's just parroting ideology and provides zero justification for the opinions she is expressing as if they are facts.
She claims "we" don't want the government to build housing (an opinion many do not share).
She claims building public housing would raise taxes, which is flat out wrong - public housing pays for itself as the tenants pay rent and the costs are significantly lower (discussion to come on my next point).
She claims the private sector can build housing more efficiently - a claim that depends on what definition of efficiency is
- If measured only by financial return for investors, private for profit housing is more efficient.
- If measured by cost to the public per housing unit delivered (but to who?), it's a wash or very close
- If measured by cost to the residents, public or public supported co-operative housing is vastly more efficient.
How does that work? There are a bunch of different categories of factors, incentives, and costs that are very different between the types of housing:
| Rental | Condo | Co-op | Public
Land Ownership | Investor | Collective | Public or | Public
| | | Community or |
| | | Collective |
Unit ownership | Investor | Individual | Collective | Public
Maintenence cost | Investor | Collective | Collective | Public
| | or Individual| |
Rent Paid to | Investor | Unit owner | Collective | Public
Build Incentive | Max Rent | Max Profit | Housing | Housing
Owner Incentive | Max Rent | Max Gain+Rent| Housing | Housing
Cost
Land |Seller wants the max mkt rate | Low Lease | Zero
Build Finance |High rate short term bank loans| Credit Union | Access to low government rate
Infrastrucure | Same in all categories
Planning Dept | Close to same | Potentially Higher
Materials | Close to same | Potential volume discount
Developer Profit | Zero Or high | MAXIMIZED | Zero | Zero
GC Labour | Same in all categories
GC Profit | MAXIMIZED | MAXIMIZED | MAX or 0 | MAX or 0 if public employee
Subtrades Labour | Same in all categories
Subtrades Profit | MAXIMIZED | MAXIMIZED | MAX or 0 | MAX or 0 if public employee
Mortgaged cost | MAXIMIZED | MAXIMIZED | Moderate | Construction & Maint cost only
Mortgage Struct | Equity fund | Individual | Bond or Access to low government rate
Resulting Rent | MAXIMIZED | MAXIMIZED | Moderate-Low | Minimum required
Second Resident | MAXIMIZED | MAXIMIZED | Stable | Stable

[@globalfoodaction6748]

Maybe the context is not fit for the location. Brilliant.