I think the answer is residence or where one lives. Some people can afford to either buy a house
or have one made on a lot. Others rent
apartments. It is more advantageous to
own a house because it eliminates paying rent.
The president cannot make laws. Only the legislative branch (the Congress) can make laws. But the president can certainly veto laws and make official appointments. And as commander-in-chief of the military, the president also oversees the armed forces. So the only power in your list that the president does NOT have is to make laws.
Muhammad passed his messages from God to his followers in Mecca.