In some countries, owing a home rather tan renting one is very important for people. * why might this be the case *Do you think this is a positive and 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
a
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apply
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personal accommodation is a good development There are two reasons why
house
ownership is considered is to be of high importance.
Firstly
,
owing
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owning
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a personal home gives a feeling of freedom. The individual
is not bind
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is not bound
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to any rules and regulations and can renovate and decorate the
house
at
anytime
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any time
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according to their needs and wants.
For instance
, in the rented apartment I lived as an undergraduate ,the landlord
didnt
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didn't
permit any of his occupants to change the design and colour of the
house
to suit their own choice.
Secondly
,a self_ owned accommodation provides a stable home for the family members.
That is
, there is no fear of being evicted by the landlord at
anytime
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any time
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due to
inability
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the inability
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to pay
rental
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the rental
a rental
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fee .
However
, buying one's home is
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a
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positive development because is a symbol of social status.
This
makes an individual
to
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apply
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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 houses tend 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
desire
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the desire
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to enjoy permanence and change of status are the main reasons for
this
.I believe
,
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apply
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this
is a positive development as
this
will make individual invest in the future.
Submitted by ayodam90 on

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