Sure but what GP said and what I think is a common perception is that wealthy people oppose development because they want the value of their house to grow in the same way that you would want the value of a stock to grow. I.e. so you can turn it into more money later. I don’t think they care so much about turning it into more money later, but more about the other factors I mentioned. Of course indirectly preserving or enhancing the other factors may result in also being able to turn it into more money later, but that is not usually the goal when opposing development around one’s primary residence IMO.