What's to stop someone from getting a few random signatures together, form their own FC, boot everyone but themselves in order to purchase a house, if they wanted their own house?
Note: I've never tried to do that myself.
Unrelated:
Imgur gallery someone put together featuring some of the new gear in 3.3. The first 3 look to be from the new GC ranks...and I'm glad I'm Maelstrom, heh (although I wouldn't mind that Flames outfit either. Adder one is...eh, lose the hat and it's ok). Next 2 likely are new rewards from HW beast tribes. Next 3 are either from the new 24 man or possibly the 2 new dungeons. The 2 "new ironworks sets" are the gathering and crafting sets. Then there's some fuzzy bacon.