Where's the none of the above option?

Let's be honest plaque clicking was extremely bad, but the lottery system isn't much better

It's basically a bandaid where instead of clicking/macro clicking for hours hoping your click gets the buy, you hope the RNG system picks your number instead.

On Faerie for instance there are only a few plots left open to private buyers.

Win you get one of the last few plots for the foreseeable future.

Lose, you're waiting for auto demolition timers and going against hundreds of others that didn't get lucky, no different to how it was before.

I honestly vote a third option.

When the housing plots are all filled up, the system creates a new ward.

There's no reason for them not to have it, not even the "but community" excuse because a new housing ward would only generate when all plots are filled.