

Home owners/capitalists do appreciate scarcity. More/denser housing units is more city property taxes, more retail availability and income taxes/revenue, and more jobs, also more revenue. All of that supports more housing demand and higher property prices too. If you were the only one left in Toronto, I guess you wouldn’t need/have any services. But property value would go down from $200/sq foot rental value to $1.
Screw the bank I work for, screw the bank, and I’m squishing your head are references I make regularly.