Morgan Housel

Oh, yes.

Let's say we are magic wand.

I anoint you the mayor of LA tomorrow and you say, I'm going to eliminate all zoning laws.

There's probably a lot of brick walls that you and I don't know about.

I don't want Ferris wheels next to my backyard.

It should drive everybody mad.

I'll give you a devil's advocate.

Please.

And it is a devil's advocate because I think you and I are in firm agreement.

We moved houses, my family, about a year, year and a half ago.

And our old house, which we loved, it was awesome.

The backyard was this big green belt backed up to a forest, beautiful trees, awesome, loved it.

Very soon after we sold that house, we learned that a developer is putting up 28 homes just behind what used to be our backyard.

Now I am a YIMBY, build, we need millions of homes.

And so there's half my brain that says, good, we need more homes.

The other half of my brain that used to enjoy this beautiful greenbelt and now it's going to be a ton of homes says, so glad I got out of there.

So glad.

So there's part of me that's like, I get it.

I get why if you own a house and you don't and you like the quaintness of your neighborhood and you like your view and you don't want it to change from what it is, people say, I don't want that.

And they're going to use whatever regulatory power they have to protest and put their foot down to get it.