New DF fan here. My experience, albeit limited, is the elves do not seem to mind so much as long as you do not attempt to sell them wooden stuff. Deforestation close to the entrance of my cave has reached a level that begins to leave nothing but sand just beyond the flinty halo around the cliff I chose to make my first fortress home out of. Despite the visual evidence of my wastefulness of the woods, they have come every year that I have had a path available to my trading post.
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::shrug:: I guess I didn't need this space after all!