The Internet and platforms like Nextdoor not only reduced that cost to near-zero but actually encourage and reward that behavior since they profit off this "engagement". Middle-class paranoid (and sometimes racist) dumbasses with too much time on their hands are the perfect target for a "growth & engagement" company; they're dumb but far from broke and thus a perfect target market for advertisers.
I agree. HN is heavily moderated (using both automation and human intervention). The site pays for itself by being a honeypot for tech talent, which only Y Combinator companies can access.
Neighborhood social networks have no similar way to monetize themselves and pay for talented moderators.