There's another aspect that's being skipped over tbh.
The cycle in the current system makes it trivial to check and see if there are any plots available as you really only need to look once in a given lottery period and then bid if there's anything.
With the old system, people looking for houses had to check pretty regularly because something could go up at any time. I got my house on my old server because I got lucky and no one else noticed it was available in the few hours before I was able to buy it.
One is less time investment so more competition, the other is more time investment so less competition.
