My take-away from playing the game (which is probably not what the author of the game intended) was that the thing stopping housing from being built is not bureacracy and NIMBYs but the developer's Investors demanding outrageous profits. Even if you play in such a way that projects get done, you lose anyway because "investors want 14%" or whatever.
Sounds like the real enemy is inflation. If the federal reserve didn't inflate the dollar, investors would be happy with a nominal 1% return