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

People tend to think differently on a single issue as some suggest, that the owner of a private apartment than renting one while others possess the opposite mindset. In my opinion, purchasing an apartment is nothing but a deleterious trend. On the

first

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side, people preferred to buying a building for some for some crucial reasons.

Firstly

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, living expenses is increasing day by day, and

consequently

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, it becomes too difficult for a person, especially for those who belong to the lower income bracket to maintain a standard life. So, city dwellers try by all means to purchase a building as the real estate company frequently offers huge discount rates in order to allure the customers.

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, in Dhaka, the capital of Bangladesh, people are so frustrated with periodic housing rent, which is exorbitant for most of the cases, that try their heart and soul to get possession of a condominium.

Secondly

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, possessing a private property gives them a sense of security, and in our materialistic world, owning a dwelling place means high social status. Resultantly, residents work round the day with a view to managing money to acquire a home for their own.

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, in many

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world countries, especially India, the acquisition of a private residence means esteem as well as reverence.

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,

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destructive trend is nothing but an ingrained fallacy as it puts a heavy toll on mass people along with the environment. When a housing company plans to construct an apartment, it adopts various state-of-the-art appliances to cut down trees, which puts negative effects on the ecology.

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, buying a building restricts a resident to live in a specific place over a long course of time.

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, one suffers from boredom and loneliness. If

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person has the opportunity to change his residence, it may be possible for him to recover

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psychological disorder. To sum up, the government should undertake certain steps to solve the housing crisis of common people, and

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stance will obviously have positive effects on people's mind and body.