If all the property was divvied up by your ancestors, and your grandfather didn't grant you a parcel when you reached the age of majority, then you effectively have no property that is yours, and you never will.
What kind of system is that?
One that will leave your children's children indebted and slaves on land their forefather's conquered.
The child who is not embraced by the village will burn it down to feel its warmth" African Proverb
There is far more land available, then we, with 8 billion people, could ever use. That we have walled off everywhere in "first world countries" And then we made it illegal to be homeless.
However, that is the only state that can exist in the structure known as "Real Estate".
Real Estate - definition
Real Estate is a Spanish word.
Real = King
Estate = Estate.
So, it is the King's Estate.
All of it. The peasants, on the estate, are the king's property.
The livestock and wildlife on the estate, are the king's property.
There was only one, really big thing, the king had to let the peasants live, and have a house. Well, he could kill them all, but that would be bad for business. And houses were built where there was room.
Carved up?
Today, in most first world countries, people were give deeds to the land that they were living on. All these families were given a piece of "real estate", however, the king actually continued to have ownership. If you did not pay your taxes, the land would revert to the king (or state).
Now, you could no longer build houses were they were needed.
You had to buy out the person who came before you. And if you could not afford the next ratchet up in price, well then, you were out of luck.
The ratchet
Have you ever noticed that there are large areas without houses? That is because someone owns all those large areas. And, unless they get purchased by developers, who goes and divides up the mile square plots, then there is nothing for little people to buy.
Much of this land is owned by the actual crown, or the Vatican. And they have no need to sell it, or even make it productive.
So, the little people have to go buy a small parcel. And they have already been bot. So you have to convince the previous person to sell. And, most don't want to sell, and the ones who do, want to make something for their time. Thus the price goes higher and higher.
Add to this, banksters making money out of nothing, and the price goes higher and higher without much limit.
Thus, our system will always leave people homeless. This is not capitalism, this is knowingly setting up an exclusionary practice over a need that people have for living.
If food is scarce, you can charge whatever the people, who are hungry, can afford. And this is considered a bad, and immoral practice. (often illegal)
But, we have a state sanctioned system that is in every way the same, except it doesn't kill people as fast.
People can no longer afford the mortgages to buy out the boomers. And this was a mathematical certainty.
Yes, the banksters planned this, operated it, created the courts/statutes to enforce it, and bribed the school system to never teach the kids math that would show them that this was all a scam. A scam that killed people or put them out on the street.
People are going to realize this soon, so the banks are going to fail, and the banksters are going to be running for their lives, as people hunt them down, and dig them out of their bunkers for knowingly destroying people's lives.