I was having a conversation with a person in my HoA. She complained that, when THEY moved in, the "big" houses (gesturing at my 2-story) didn't exist, and they had a lovely view of the fields past my side of the street.
Well, lady, if you wanted the view, you should have bought my lot.
The concept of air-rights is a good one - if a developer wants to build higher, they can acquire the air rights of the properties close by, at a price the residents find acceptable (for losing their unobstructed views etc).
Well, lady, if you wanted the view, you should have bought my lot.