The massive administrative burden of making every piece of property a special case where everyone nearby has to be interviewed, then their interests quantified and compared and a final judgment made sounds like a lawyer's wet dream.
Instead, we have zoning, where we can say "build your factory here if you don't want to worry about residential complaints" or "build your house here if you don't want a noxious odor, noise, and constant semi traffic bothering you."
Instead, we have zoning, where we can say "build your factory here if you don't want to worry about residential complaints" or "build your house here if you don't want a noxious odor, noise, and constant semi traffic bothering you."