Good question. Unlike stocks or domain names, someone has to own land. There's not really an unowned state (any more). So I'm going to say that it's less offensive.

Note that I think that a valid use of land (and other things, for that matter) is to prevent someone else from doing something with it you don't want done. Like I might not have any use for a piece of land, but I don't want a potential buyer to stripmine it.

When did this turn into "Bitt Explains It All"?