Yeah, developers acting in their own interests isn't going to magically fix everything - there's no shortage of examples of how "chart goes up forever" thinking leads to nasty externalities and tends to run into a brick wall at some point, and how manipulative the big players in the real-estate market can be.

But painting NIMBYism in such reductionist (and long-term economic-investment backward) as "development would make real estate investors and developers lose money" would just result in people fighting entirely the wrong battles with entirely the wrong message to actually have a chance at changing things in a useful way.