in a truly socialist society, the common man owns nothing. the variants, i.e. hybrids, pay lip service to property rights, and hence the concept of ownership, but even then, it is only lip service. the state always has the authority to take away whatever it is you have, which means you're really only borrowing it. i.e., your right to own your property is granted by the state, not considered inalienable. more true for real property than it is for a fruitbowl, but property is the only thing that ever matters in the long run (everything else is "in the noise" w.r.t. real value).
taks
Well, the state can take property away anyway. Its called imminent domain. Something that some people in Ames is learning about which the city plans on expanding a street to four lanes, but that would mean tearing up property and taking 8 houses from property owners and land from a dozen others.