Why is it neccessary for a nation to have laws that provide Protected Private Property Rights to create prosperous people?

When the people of any nation have PROTECTED  PRIVATE PROPERTY RIGHTS under the law it is legal for a potential buyer of  a home to borrow money for the purchase a home or a parcel of land and use the home or land as collaterial on the loan. Homes and land are considered to be private property and as such can be assigned to the lender  as collateral for the loan.  The lender is given the right to  record a lien against the property which gives the lender the right to take possession of the property from the owner in the event the borrower does not make the payments on the loan. Having the right to lien the property also permits the lender to take possession and sell the property to recover any amount remaining on the loan.  

This process permits the prospective homeowner to borrow money for the purchase of a home and make payments. The is referred to as purchasing an  appreciating asset by leveraging future income. The pay off off the loan and the appreciating value  increases the net worth of the homeowner over time as the loan is paid off and the home increases in value. The normal monthly payments are increasing the net worth instead paying rent.