Changing the regulation of land (and allowing more freedom to use property as the owner sees fit) would be an enormous improvement.
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Letting people do whatever could be bad zoning. Gov zoning commitments play heavily in to land value. Not that they should never change but uncertainty has a market impact too. I definitely don't want my neighbors doing whatever and everybody is somebody's neighbor.
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The definition of whatever has expanded to a very large and expansive definition.
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There are legitimate concerns zoning laws seek to address, but those concerns rarely ever reflect on why we don't build more than we do (even *in* cities, let alone new ones). It's not a matter of whatever so much as it is a matter of being unable to do anything at all.