You could argue it but it would be wrong. They could collectively own a given area -- form a corporation and buy a neighborhood. Then they would collectively own a given area and the collective entity would be entirely within its rights to decide what does or doesn't get built on a piece of land it owns (subject to the corporate governance rules).
That's essentially how co-op apartment buildings work. But these homeowner NIMBYites don't want to do that. They want to exercise the incidents of ownership without making an investment.
Given how local governments are set up they have the raw power to do what they are doing. But the rest of us don't have to pretend it is okay. This isn't stopping a gold mine from polluting a river, it's not building public schools, it's not defending the country from invasion -- it's exercising naked political power to take property rights from people that bought them simply because they want to and they have the votes.