Imagine you're a municipality like San Francisco. You control all of the zoning regulations, and many of the permitting requirements. You have a AA+ credit rating, and even in today's higher rate environment, you can borrow billions of dollars at 6%. You already own oodles of land. You can build to whatever height you want within reason, because you control the zoning, and you even control many of the ordinances that…
Imagining how we might govern unfettered by frustrating negotiations with others is fun but dangerous.