What is a home?
Generally a Faibanx home is just that, a home.
It is the place of privacy where your character lives and that he may form as he pleases. You can always teleport to your home from any place of Faibanx and sleeping players can also be sent home. By default your home is set to the Airport when you arrive at Faibanx for the first time, so going 'home' will teleport you there.
You can also create business places if you feel like it later.

Where can you settle?
Generally you can settle at any place that is stated public. Not all of those squares are planned to take up further residental settlings though, but if you see a cosy spot here on a public street it shouldnt be a problem to move there. Free for settling are (with a few restrictions for some places):

Apart from East Peger IV Road these are all residental areas more or less. If you see a vacant building there, that is one without a settling icon on it, feel free to just move into it. If there is no building there yet feel free to build one yourself and it will appear here as soon as i find time to map it. If there are unimportant buildings blocking your way we will find a macro that flattens them so you can build there as well. :-)
You can also settle on a private location, but you need of course to speak to the owner first.
If you are not sure if it is OK to settle on a place, just ask. In last instance, the Dinosorceror always knows.

What do i need to do?
Well first you should get comfortable in Faibanx and take a good look around. Then find a cosy spot, set up your home, have someone help you if you need. Then ask the Dinosorceror or me or a Helpstaff Wizard to link your home to the place you chose. Be sure to drop me a line, if i didnt link it myself, so i can add your place here!