It is a sizable chunk of Gil gone.. for most of us. To someone who's been playing the markets for a while it's very much not. There are several players out there who are actually capped in gil.
I personally wonder what SE thought was going to happen with such a limited resource that was highly desirable as well.. but they've put plenty of effort and resources into their decision. The problem isn't that they don't WANT everyone to have housing, it's their current system simply cannot support every player having a house.
Lets not concentrate on the wrong problem: Housing needs a new solution so everyone can participate.
The issue lies in letting everyone have access to the content without punishing those who put so much effort into the current system.