NIMBYISM blocking quick development or any development caused sky high prices in a rapidly expanding economy. There are two influences on prices, supply and demand. You ignore the influence of rapidly growing demand and the hobbling of supply by NIMBY influenced planning procedures.Regulation is not the cause of expensive housing. Expensive sites are the largest single cost of building in the country. Listen to any commentary on housing costs and you will hear this.
And as we know, apartment prices were sky high without compliance. So your argument falls on its face before it starts.