That's totally fair but the tooling is still not where you'd like it.
In theory, there's no reason that you shouldn't be able to backtrace from the website to the filesystem. If you can do that, then your "it reloads every second" becomes even faster, it becomes WYSIWYG, you are writing in the live constantly-refreshing UI. Well, almost: your text editor has Undo and Git and your web browser doesn't. But we could build those into the browser. Heck, Redux is basically Git except without any standardized verbs, just give Redux some standardized verbs for tracking revisions in a living app and you've got everything you need.
If you follow that trend to its logical conclusion ("OK I want a special way to ctrl-click or right-click or something to edit the HTML of a component I see") you eventually get Smalltalk, and we're finally back as productive as we could be in the 70s :)