Beyond these minimum needs, such former luxuries as homeownership, durable goods, travel, recreation, and entertainment are no longer restricted to a few.
The company employs a business model that centers on developing affordable new homes, encouraging tenants to consider homeownership as an alternative to renting.
A strong proclivity among these new residents to homeownership and block associations helped the neighborhood survive the economic and social distress of the 1970s.
Instead, the auction systematically discourages the stabilizing forces of homeownership and while acting as a syphon to concentrate property into speculator's hands.