I think this will benefit the agenda 21/un crowd more than anyone in the long run. The precedent to take away private property for a larger tax base has been set. The door is open to what the lefties really want. Total control of the land for any reason.
You are probably right. So, man just has to move out of the cities into the country if they want the possibility of keeping their land for their families.
Now - the cities will mainly have rentals - no home ownership because of the fear of lossing the investment. Can you imagine what this will do to the cities.
When people move outside of the cities, the tax base will fall. Pure justice. Also, what about housing development, local restaurants, shops. All will suffer because of the property rights.
Think of this when you plan on buying a new house. Might look at surrounding country locations.