There is no biblical prohibition against owning land, but there is plenty of debate, discussion and grappling with the problems of ownership and accumulation. It shows it always an issue, and rules and laws and social norms always need to be debated and changed.

In the Levitical law, there was specifically a concept that all of the land in Israel be split up equally among families. And that ownership of the land reverts every 49 years. So "buying" land was tantamount to a lease.

There is actually some interesting scholarly work that shows such a system would work perfectly fine within a modern capitalist system - it would reduce inequality and neatly lines up with natural debt cycles.