> because that's the only way a developer can recoup their enormous land acquisition,

There you go - in order to make it cheap you need a land tax, nothing else will work (alternatives have been rehashed over and over decades by georgists).

Without land tax the property market is stalled without market clearing and both tenants and developers get stuck. You won't find a solution by catering to either. The solution resides outside of this left and right dimension.

If you want the real solution, you go asks georgists. If you want to score politics points with YIMBYs or NIMBYs you keep beating the same dead horse forever.