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?

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The trend today, many nations are having residential places to one name because they see it as relevant compared to leasing the homestead.
This
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is because of the increasing monitory rates on the hiring
houses
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and the impact of
development
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.I believe
this
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is a significant move towards
development
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. The reasons for possessing
homes
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for many individuals varies greatly nowadays.
Firstly
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,the expenses associated with renting have skyrocketed leaving a trail of destruction in the pockets of those who rent the
houses
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.
For instance
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,hiring a homestead will require the relevant person to not only
to
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apply
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pay for the services offered but
also
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to pay the routine monthly charges like electricity and water bills.
Secondly
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,the influence of current cheaper
development
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in building
houses
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has
also
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increased the appetite for people to possess
homes
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.
For example
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,the availability of convenient technology on building like established galvanising iron sheets.
Thus
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,increased expenses on hiring and improved building technology
has
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have
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fueled the need for people to own
houses
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.
Nevertheless
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,
this
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has a positive impact on the
development
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of a country.
Moreover
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,the
citizens
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citizen's
citizens'
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lives are improved because having a home is one of the achievements of the basic needs.
Additionally
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,having several
homes
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, in turn, improves the economic status of a given area like the building of social amenities.
For example
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, research conducted on the finished Utawala gated community, study project revealed a facelift to that area and
also
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improved the road leading to that area.
Therefore
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,owning a home is an achievement of the basic needs and
also
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improves economic
development
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. To summarize,hiring a house has extra charges that come along with it,people should be motivated to own
homes
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as
this
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not only improves their well-being but
also
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improves the economic
development
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of the country.
Submitted by Sabina Hamisi on

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Topic Vocabulary:
  • ownership
  • renting
  • importance
  • sense of security
  • stability
  • financial investment
  • asset
  • customize
  • decorate
  • belonging
  • community
  • potential
  • future generations
  • long-term
  • cost advantage
  • control
  • living space
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