There is a common narrative that so-called NIMBYs (I don’t like the term) oppose new development near them because they want to maximise their house prices. This is a myth – this post will explain why.There is a second common narrative, which holds that these so-called NIMBYs oppose new development near them because it causes concentrated harms, such as congestion, competition over state-provided resources, noise, and disruption. They are able to organise, such that even though its dispersed ben...