In some countries, owning a home rather than renting one is very important for people. Why might this be the case? Do you think this is a positive or negative situation?

These days, a number of people pursue home ownership

instead

of just renting one.

This

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Thus

, they consider, as very important. In

this

essay, I intend to look at the reason for

this

trend

and highlight its overwhelming negative consequences.

To begin

with, the ownership of homes is a rising

trend

in many countries.

This

I think is due to the huge cost attached to just

renting

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rent

one on the long run, with its attendant strain on the family pocket.

For example

, in Lagos, Nigeria, the prices of rooms has skyrocketed in recent times, with

this

gulping up to half of the income of the family on a monthly basis, especially for

the low

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the lower

and middle-income earners.

This

has in-turn exerted much pressure on the family budget, with just a little amount of money left to pay for feeding, education and other essential expenditures.

As a result

, the standard of living is seeing a significant drop. People

therefore

count is extremely important to own their own houses so as to be free from

this

uncomfortable burden.

However

, as much as

this

appears to be a valid concern, the negative consequences of

this

drive is more serious.

Firstly

,

this

development has only helped to worsen overcrowding, especially in the urban areas, with its attendant effect on the health of the citizens. Communicable diseases like malaria, tuberculosis and so on can only be empowered by

this

trend

.

In addition

to the above, the rate of deforestation has

also

worsened, aggravating global warming. As trees are being indiscriminately felled to make room for vacant lands for houses, fewer trees are left to absorb CO2 and produce O2 and

this

worsens the danger of global warming. In conclusion, the negative consequences attached to the uncontrolled quest for home ownership makes a good case for it to be curtailed. Government at all levels

therefore need

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therefore needs

to step in and ensure that

this

trend

is well regulated.