yes true. property, especially real estate, is a legal construct created by the state. In older eras this was more explicit, property existed “at the pleasure of the Queen” or whatever. Now we rely on a nebulous social consensus reinforced by the courts and legislature.
Money is only a token within this game - it has no reality other than the rules. The rules are whatever society decides they are. There is not a “real” ownership that the rules are interfering with.