Recently, the quest for reaching higher standards of living has forced people to obtain things and commodities. It is preferable for some nations to buy their own residential places than to pay monthly rentals. I am in agreement with the notion that
this
is a constructive trend both socially and economically. In the following lines, the rationales behind
this
tendency and evidence that substantiates my claims will be
further
scrutinized.
To begin
with, the root cause for purchasing houses
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the public aim for long-term investment.
This
is because when individuals invest their
money
in real estate, which is in
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continuous growth in terms of their prices, purchasers can guarantee that
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frozen amounts of
money
will be doubled later on.
Moreover
, landlords can rent their apartments and yield a stable income monthly. An eminent example of
this
is Cairo, which is the capital of Egypt, where the high demand
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the real estate market in the
last
3 decades has created
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competition among landlords to offer the most convenient quotation for the purchasers.
Thus
, what can be said from
this
example is that owned houses and residential areas are greater investments than saving
money
that loses its value because of the inflation that the world witnesses nowadays.
In addition
to that, I advocate the belief that
this
tendency has a profound impact on both social and economic levels. To illustrate
this
, if city dwellers
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their own homes, they will develop a sense of security that will in turn help them to be productive members of their communities.
Furthermore
, the country's economy will be boosted through these transactions.
For instance
, in Japan, the government facilitate the legal requirements of taking off a mortgage in order to motivate citizens to own their homes.
Hence
, not only does
this
aptitude improve public social life, but it
also
promotes national income.
In conclusion, after
this
essay has manifested the above-mentioned points, it can be reiterated that a large proportion of people opt to own their houses in order to have both financial and social stability.
In addition
, whilst some might discern purchasing permanent living places as a waste of
money
, the majority of people and I are of the belief that
this
trend is dramatically advantageous in the long run not only in the private aspect but
also
for countries' local income.