If it is a perfect system, again, why doesn't everybody do it? Just because of the property taxes? Everybody is free to buy land, no? Also I don't think peopl

If it is a perfect system, again, why doesn't everybody do it? Just because of the property taxes? Everybody is free to buy land, no? Also I don't think people can just ask for arbitrarily high rents wherever they want. It is a gamble to buy in a location where rents will rise. People then only see the winners and not the losers and get envious. Take some risks of your own, then complain.