Yes, it is like pure idea of communism, but reality differs to utopia.
People are not ready to use property rational.
In my city, several decades ago, government asked scientist: "how we could solve house problem for people?"
They give all data...
Data was analysed... And the optimal solution was found -- not to build more, not to repair more, just to reorganise personal property, because many houses were empty, they were bought as investments...
After this, that government never asked these scientists...