On: Increased resident participation in planning produ...

[im2w1l]

I think it's both. Many people want to live in a dense neighborhood (hence urbanization), and if you restrict growth, you make your area unattractive to those people.

[dmichulke → im2w1l]

Yes, you get less people but the prices go up even more because "restrict growth" is the same as "reduce future supply"

[im2w1l → dmichulke]

Supply obviously decreases, but my point is that demand decreases so much that prices fall.