Explain how secure property rights make it possible for people to own a home without having to pay cash for it. How does this benefit society?

Today, the legal system of the country allows the consolidation of property rights through the annotation of said rights in public registration systems, through which the government learns who is the owner of a certain property.

In this way, when buying a house and registering it in the name of the acquirer, he can subscribe a mortgage credit putting his property as collateral, with which in case of default the debt on the property value will be executed. Thus, the system allows a person to acquire a home using a mortgage loan, which pays the value of the property and on which fees will have to be paid that will include an interest charged by the bank. In this way, a person can purchase a home without paying the cash price for it.

necessary and proper clause. the congress shall have power to all laws which shall be necessary and proper for carrying into execution the foregoing powers, and all other powers vested by this constitution in the government of the united states, or in any department or officer thereof.