I imagine the way this would feel for a homeowner would be that they have to pay an ever increasing amount of “protection money” to stop rich property developers from kicking them out of their home at any time.

Politicially, the optics of this for the elderly or others on fixed incomes would be terrible. Just imagine story after story showing sobbing old person removed from the area they lived in their whole life, “ripped away from family and neighbourhood ties” etc.