nope. it actually makes it so that wall furniture is the best thing to give to the villagers to increase their friendship.

they'll never put it up so it never marks that they own the item. so you can just gift them the same thing over and over again.
i cycle between hanging terrariums and iron wall lamps. both sell for over 2500 so i'm guaranteed an item back. i cycled my villagers around since i wanted them to have their nice houses so i had to restart on many friendship ratings. so far so good though

got 5/10 photos these last couple of weeks.