Six generations ago, over 80% of Americans worked in farming. Owning your family's farmland made sense as a means to even out the land you farmed versus the land you owned. As farming industrialized, became more efficient, and food became readily available with less than 2% of Americans working in farming. In that world, the amount of farmland you needed to personally own to offset the amount you personally farmed was zero.

Will the same happen for housing? Everyone starts out naturally "short" one unit of housing. To gain housing, you can rent or buy it. Buying it puts you "even" in the same way as above: your ownership and your usage is in balance.

I don't see the factor that would cause people to stop wanting personal housing land.