In some countries owing a home rather than renting one is very important for people. Why this might be the case? Do you think this is a positve or a negative situation?

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

is

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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

a

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continuous growth in terms of their prices, purchasers can guarantee that

this

Correct determiner usage

these

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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

on

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in

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the real estate market in the

last

3 decades has created

a

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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

guaranteed

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are guaranteed

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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.