72 percent of the world's population either lives on property for which they do not hold the rights; do not have permanent homes; or have no access to land at all.
Why are these statements so important to the Omidyar Network? Because it believes that property is a form of capital, with true economic value, and that property can create economic security for the owner — not to mention economic growth for the property owner's community.
When it comes to property ownership in developed countries, we may think "What's the big deal? There are plenty of non-property owners. They're called renters." Omidyar isn't concerned with the renters of the world; they are concerned with the property rights of those in developing countries.
Non-property owners in developing countries use the land to live on in more ways than one. The land is typically where they have their homes, as well as how they make their money through farming and agriculture. Many developing countries are seriously lacking in land ownership laws and many people are subject to "unfair dispossession of land." When this happens, and it seems as though it happens a lot, these people lose their homes and their livelihoods. Not to mention, the majority of the people that are subject to such land repossessions are already poor. Taking away their land leaves them not only homeless, but with no means to earn even a little bit of income.
The Omidyar Network is committed to helping the world's rural poor to gain land ownership rights, giving them the opportunity to achieve economic security and contribute toward the economic growth and stability of their communities and countries. The Network has granted over $21 million to four nonprofits around the world including Landesa, The Foundation for Ecological Security, the Institute for Liberty and Democracy, and the International Land Coalition.
So you see, owning a home isn't strictly an American Dream — people the world over want to own their little piece of the planet that they can call home. The major difference is that some of us can get a loan to buy our personal corner of the world, while others have to fight for theirs.