In some countries, owing 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 development.

In certain part of the world, acquiring a self_owned

house

instead

of renting is more crucial .While the desire for stability and flexibility are the key reasons for

this

trend,

however

, I believe buying personal accommodation is a good development There are two reasons why

house

ownership is considered is to be of high importance.

Firstly

, owning a personal home gives a feeling of freedom. The individual is not bound to any rules and regulations and can renovate and decorate the

house

at any time according to their needs and wants.

For instance

, in the rented apartment I lived as an undergraduate ,the landlord didn't permit any of his occupants to change the design and colour of their

house

to suit their own choice.

Secondly

,

a

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self-owned accommodation provides a stable home for the family members.

That is

there is no fear of being evicted by the landlord at any time due to the inability to pay the rental fee .

However

, buying one's home is a positive development because is a symbol of social status.

This

makes an individual be well recognized in society and

also

add to the owners' prestige.

In addition

, possessing a

house

is a form of investment.

This

is because the

house

tends to appreciate in value in future.

For instance

, in the united kingdom, rent fee increases by 4 per cent annually . In conclusion, buying a self-owned property

instead

of renting is very essential in some nations.While the desire to enjoy permanence and being able to desire in one's property

are

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the main reasons for

this

.I believe

this

is a positive situation as

this

will make an individual invest in the future.