How is that “non economic”? Your neighbors prefer the value of living in that house to the value of selling it.
What business is it of yours or anyone else’s?
How is that “non economic”? Your neighbors prefer the value of living in that house to the value of selling it.
What business is it of yours or anyone else’s?
You are correct on the technicality, but I think OP's point is that, in combination with NIMBYism heavily restricting supply, this is a form of consumption that imposes an externality on others.