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In some countries, owning a home rather than renting one is very important for people

#countries #home #people
Owning a
home
 is everybody’s dream regardless of to which
class
 he or she belongs to, whether he or she belongs to a middle
class
, lower middle
class
. So, owning a
home
 has always been important for
people
 all the time. In my opinion,
this
 is a positive situation, because it eases the financial burden on the
people
 once they have their own
home
. If we analyze today’s world it has become much more important than before, because the cost of renting apartments and houses has gone up and it’s becoming very difficult day by day for
people
 to meet their livelihood expenses. In many countries, the government gives support in the form of loans, mortgages so that
people
 can buy their own homes. Especially after the covid-19 pandemic
people
 ability to pay their house rents have declined sharply because a large number of
people
 have lost their jobs, and
this
 is not only with these
people
 but
also
 with those who run their own business. Another reason why
people
 are interested more in buying a
home
 rather than renting one is that
people
 Want to invest their money in the housing
sector
 to achieve higher yields in the future. The housing
sector
 is the backbone of the economy in many countries,
for example
 in Pakistan real estate is an evergreen, and ever-growing
sector
, where a growing number of
people
 are investing money especially the Pakistanis who are living abroad. The government in Pakistan has
also
 started different programs for the housing
sector
 so that
people
 who belong to the lower middle
class
 can buy their own
home
 or apartment by paying a small amount of monthly instalment over a period of time. So, to sum up, Owning a
home
 is very important for everybody in today’s world because the cost of other livelihood have been increased exponentially and
people
 are unable to pay their rents. some governments are
also
 helping
people
 get their own homes like in Pakistan.
Submitted by bilalahmadkw on

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    • Sentence 1 - Topic sentence
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