Everything is a profit grab in a capitalist economy. I think putting up barriers to constructing new housing serves to benefit existing landlords. I disagree with anything that makes it harder or more expensive to build more housing. More supply will lower prices. There is localized gentrification when developers build new expensive housing. I worry about low wage workers being pushed further away from employment and good transit. Requiring developers to provide a percentage of housing for low wage workers is possibly a good solution but it may lead to a little less housing being built overall.