> It's harder than you think to argue for a house price decrease when it's the singular asset that most older adults have most of their wealth tied up in.

The only thing they can exchange it for is another house or an alternate form of housing. Because you have to live somewhere.

But what I have seen is worries about social class and sharing space with new neighbors who act like they're from the next rung down on the ladder. Which isn't all that different from the usual objection to short-term rentals.