If it hurts their ability to invest in assets, then yes. Assets tend to appreciate over time and represent an excellent store of value. Taking that option away from people matters very much.
For things like stocks, if the increased value is driven by inflation, you get less for your money. So it takes more money to store the same amount of value there.
Isn't that basically what a REIT is? It's also possible to enter into joint ownership of a property. Roommates are also kind of like acquiring a fraction of a house.
Unless you rent, in which case you are acquiring a fraction of the liability without acquiring any house.