Yes, because propertarians like the Seattle city council president (I’m sure every city has city council members or mayors who think the same way) value extractive economies over productive ones… district 5 has large, visible swathes of unused, developable land held as investments when it could be developed. If land was subject to rents that reflected its productive value, rather than taxed as a speculative hedge, Seattle would be the wealthy city people think it is. But the reality is it’s a poor city with some wealthy people making a lot of money extracting wages from rents. Wealthy land owners would rather invest in eco blocks to ensure no one parks on their land (when an earlier posse of vigilantes were turned away), because property rights outweigh human rights.