In some countries owning a home rather than renting one is considered very important. Why might this be the case? Is this a positive or negative development?

Nowadays,
people
in some parts of the world think being a homeowner is so indispensable compared to renting it.
This
essay will outline some possible reasons for
this
, as well as I strongly believe it would be a negative situation. The main reason behind
this
statement is that
people
are worried about their countries’ economical situations.
For instance
, in developing countries each day the price of homes might increase so that if a family do not buy a house as soon as possible, they fail to purchase it
next
year
; due to the rate of inflation.
Therefore
,
year
by
year
the value of money will decline. In the other words, they cannot buy a certain house with the same amount that they had
last
year
.
In addition
, owning a home would be an investment; in fact, the price of their home over time. As a consequence, they can sell their house and buy another one that just ,in
this
case, it would be possible. I think it probably
create
Change the verb form
creates
show examples
a negative condition because individuals consider it as a way of making money to be rich. Affluent
people
buy various houses and sell them to gain profits, while, poor families cannot do that.
Hence
it causes class differences in society and brings poverty. In conclusion, I believe, in the nations where
people
do not have economic safety, owning a home is very essential,
although
this
trend would create some issues in the community like more inflation and poverty.
Therefore
, governments should take some measures to control it and provide a good economic condition for all residents.
Submitted by sa.parisa202 on

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