I think the ROI criticism is generally off the mark. Most homeowners that resist rezoning, etc. are concerned about quality of life issues rather than home values (although those are aligned if significantly lower quality of life reduces home values). For example, the idea that I'd benefit if my area was upzoned because I could sell my home/land for much more doesn't appeal to me at all. I don't want to sell my home, and I don't want the neighborhood to change around me in a way that I would eventually want to.