As (embarassingly and ashamedly) a former real estate broker, land-lorder, and property flipper, I absolutely know how outrageous the development process is.
This is called supply suppression. (Toronto now charges a $140,000 fee on every new housing application. Just because.) Supply suppression keeps house prices soaring, so houseowners secretly love it.
I'm vehemently against rent-seeking and hope every for-profit build-to-rent application gets denied, but I'd happily love to see zoning boards completely reformed in favor of widest-spread homeownership and legitimately affordable not-for-profit rentals.
Please consider getting a Medium Pro membership, as we writers don't have the time to continually engage with readers who want something for nothing... which, ironically, sounds a lot like the land-lorder mentality. ;)