
I don’t think real estate needs to be completely evenly distributed, and no, a house that someone lives in doesn’t need to be repossessed. What I have an issue with is the house-hoarding that landlords, and increasingly nowadays, corporations engage in. The housing market is fucked because it’s all “market rate” and BlackRock can put more money on the table for the seller of some starter home than an actual family can.
If you wanna live in the house you own, great, do it. That’s what they’re for. If you’re a corporation that owns thousands of homes all over the country and is driving up the market rate to ridiculous and unprecedented levels, then yeah we should take away those thousands of homes and sell them at a price that an actual family can buy them for.
Personal property is movable, not attached to the land. Real property is land and its appurtenances that run with the land; things that cannot be removed easily. Private property has nothing to do with personal or real property in this context as it is owned by private individuals/entities