It's definitely a matter of what the commenters view as "right". Obviously everything affects everything else, to infinite degrees. But assuming an American per

It's definitely a matter of what the commenters view as "right". Obviously everything affects everything else, to infinite degrees. But assuming an American perspective, hedge funds and developers are both dealing in their own private assets, that being their reserves of capital and valuable labor. So whatever they do with those things is... primarily their business. Of course most reasonable people accept some small intrusions to this situation, but the overall perspective remains the same. Whereas land use regulations and the like are a public commons, and everyone is entitled to a say and should have their needs meet. So all the ramifications of any public policy like this are of great significance and the affected feel they have a right to be heard. Private actors with very strong claims on things like their labor and capital can just do what they will, and the second order effects aren't discussed because they are not relevant to the stakeholders. Everyone is a stakeholder of public policies like this.