You seem to have confused land ownership with its complement, ie. the right to dictate the uses of neighboring land but not your own. I don’t see any inverse deeds listed on the MLS. The closest thing I can think of would be voting shares in a corporation that come with permission to live on its land. But I’m guessing you’re not in favor of permitting more coops/TICs.
That many suburbs function this way is an emergent property of the political process, which can and should be unmade through the same process.
Owning a home in a coastal city or other job center is a question of bloodline and being in the right place at the right time; it’s not realistically available for any amount of wage labor, which is why I call it aristocracy. People whose home value corresponds to their earned income (most homeowners) aren’t in that category.
Granted, most American cities are this way. That’s because they are shriveled ruins of their former selves thanks to White Flight and deindustrializaton.
There should be a lower return for less efficient land use, buildings that are badly maintained or outdated housing stock.
Good. Your sense of entitlement to drive and park everywhere all the time does not and should not outrank other people's need to live where there are jobs (or, for that matter, the long-term viability of the planet).
>by the way the value of your most valuable asset, your home, was just halved.
I couldn't think of a brighter public policy success story than redistributing the unearned income of the landed aristocracy to people who are trying to make a living. If we build enough for the newcomers, at worst you're going to see returns at parity with inflation. Am I supposed to be sympathetic that you were thwarted from profiteering on a shortage?