No, I'm pointing out that the hypotheticals used to make NIMBY sound sensible apply very, very rarely, and also presume that the supposed beneficiaries of NIMBY have a higher initial, pre-urban-density standard of living than we actually do.
I think you need to read the third paragraph, which is the more common case (although the other two paragraphs were based on real-life experience, too).
I own because I want to live where I am, but I might eventually want to move. If someone builds something that lowers my home's value by 25%, then that's a good chunk of change that I won't be able to repay on the loan if I were to want to sell. I didn't buy because it's an investment, but it acts like one anyhow, whether I like it or not. I'd prefer it if someone else's actions don't essentially shackle me to where I am.
