Great Question!
Our plan will be revealed very soon on that topic. However what I can tell you at the moment is that you'll be able to own a House with know address like City, Street, Number. People will know that Puffymuffinz is living there and he is exercising a certain profession.
Your house will have a meaning.
I think you should make pirates live on their ships and have an unknown address because they will sail the the seas.
Regards,
Shock :)