Not that I don't think it's bad, I just think it's inevitable - the people who already live there and own their homes don't see or care about rent prices but they would see their home values going down when a huge apartment complex gets built next door. (and I'm not suggesting that's because of income level, it's because of density, traffic, noise, maybe they like their privacy or space etc.). They are protecting their investments.

I can see both sides on this one - I know people who've struggled to find housing they can afford, I also see how someone whose lived on a quiet street in a quiet town for years may not want a big apartment building built next door because it would have an impact on their home value and enjoyment of their property (no longer quiet).