The NIMBY (Not In My Backyard) phenomenon in investments

NIMBY ('Not In My Backyard') is a developer's worst nightmare. Society wants new roads, schools, and housing estates, but fiercely protests when construction is about to start just over their fence. Such protests block or radically delay the new supply of apartments, which paradoxically artificially inflates the prices of already existing houses in the area. For a shrewd investor in the secondary market, it's a signal that an owned or directly purchased property in such a 'blocked' zone will only gain in value due to the lack of new competition.