I decided to re-roll my solo character, so I moved my main into the homestead and re-rolled the alt. Some of the baskets owned by the alt were on open ground, so my main could access them as a "friend".
Re-rolling caused all baskets to revert to public access, and all the baskets on open ground were looted and stolen by others in the area. Not "stolen" really, but taken, since they were public. Baskets inside the homestead were still untouchable.
Just something to be careful of.