For example, my username is enzanki_ars. Let's say I set up enzanki.ars at home as a host for an in home only server. Now let's say that a new country registers .ars as a new TLD, for example Argentina as ARS is the ISO 4217 currency code for the Argentine peso. Now I am stepping over someone else's TLD, an someone could even register enzanki.ars before me and start using it.
My personal policy is "just because you can doesn't mean you should." If I wanted to disrespect the process we have in place to prevent people from stepping over other people's domains, I would have set up enzanki.ars already. Until then, 192.168.0.0/16 is how I reference my hosts at home.
Edit: See also: https://www.iana.org/assignments/special-use-domain-names/sp... for an up to date list of special use domains. "home.arpa." was recently assigned as one, and I may start using that one at home.