Homeownership is about landed property rights of citizens. Since private property right is about basic human right, housing needs of citizens were considered part of the universal human rights declaration of 1948. The Housing Act of 1949 reasonably envisaged that every American family would soon have access to a decent home in a suitable living environment. Local housing marketplaces were rationally evolving with families communally helping one another to have decent homes. However, financial engineering of the housing industry and public policy administration led to tying household income sizes with housing needs of families. To ensure social justice, every family deserves some financial leverage for homeownership irrespective of household income size. Otherwise, homeownership confused with rental homes become the engine for driving income inequality instead of the great equalizer.

Homes are the most valuable assets of many American families. Low-income families should not be excluded from homeownership to avoid exploitative practices in local housing marketplaces. With such exclusion, the poorest families are inadvertently restricted to undesirable environments with inadequate housing. Their homeownership dreams become morbid desires. They become perpetually dependent on public subsidies for standard living conditions. Eliminating the structural anomaly in the economy requires community-based nonprofit real estate management because landed property value is inextricably intertwined with household income. Such nonprofit organization is therefore needed to provide a network for collaboration of low-income households to meet their housing needs with equitable leveraging. The essence of such nonprofit network is to ensure equal accessibility of local-housing-marketplaces to low-income households while preserving equitable values of their landed properties. The nonprofit investment approach is inevitable to rectify the confusion of homeownership with rental homes in local housing marketplaces because residential landed property values have been tied to household income sizes. In fact, the rental housing market is for leasehold arrangements among households to meet a broad spectrum of housing needs. The mutually beneficial public policy is the communal leveraging of one another in the housing market.

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