I think the biggest mark against housing relinquishment is that it literally in and of itself solves no issue what so ever. Even if 100 houses per server get repo you still have servers with upwards of 500k players that don't have a house. Lets say you narrow the demand down based on the ability to pay strictly and its only 100k people with viable demand, you are still talking about only a fraction of a percent of people acquiring a house the only difference is now you've also pissed some other people off.

The only answer here is to provide an adequate supply of housing for everyone and limit the amount of properties available to people. Personal housing shouldn't even be a thing with the supply of houses so low and it was a TERRIBLE idea to implement.