I like and hate the timer. Timer means less flipping, but at the same time people can still afk bot. Lessening the timer to 6-8 max hours would help. Or at least stop the 30 hour camps where players refuse to eat or sleep because there aren't enough houses to go around. And even still, many are just nabbing that ugly Small to be able to go to reddit, spend 150m for a Large to instantly transfer.

And Larges are scarce enough as is so "just transfer : ^)" is not a simple fix. In fact, I brought up a possible solution for that here:
http://forum.square-enix.com/ffxiv/t...uarter-Housing