Who in their right mind would just give up their home so that some single person can achieve more dominion over the city? Good luck doing that without something along the lines of imminent domain. Sorry, I’m going to keep my home, I like it. I’d prefer not to pass ownership of my home over to some man in an ivory tower, and as soon as he tries to claim ownership over my home I am going to resist him and view him as a criminal.
Are you genuinely argueing that it’d be most practical and sensible for everyone to become renters rather than home owners? I’d argue just the opposite, it’s better for me to own my home then rent it. Sorry, I don’t need to rely on what reduces to a monarch to ensure my property values. I’d rather have independant ownership over something then be reduced to the serf of some thug who claims ownership over the entire city.