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Late Stage Capitalism
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It's not Feudalism, under Feudalism people had more property. Also common land existed. Something that disappeared completely under Capitalism.
Depends on the feudalism, in some cases everything was considered property of the monarch (including stuff you made yourself) and they were just graciously allowing you to borrow it until you died.
The idea of property was not the same as it is under capitalism or nationalism now. The feudal lords (doesn't have to be a king - in the case of the holy roman empire for example.) have the title to the land, but it can be owned, sold or inherited down the lines by the people who hold it.