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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?

#countries #home #be #case #development
Home ownership
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Homeownership
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 and property rights have been one of the most important pillars of
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market-oriented
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market oriented
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market-oriented
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 economies globally. For the average
person
, owning a home requires decades worth of loan repayments or savings.
On the other hand
, renting does not require taking
such
high duration
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high-duration
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 commitments. Household formation is a key driver of stable economic growth and wealth creation. Governments encourage it, through public policies as it leads to family formation and a stable society. It
also
 provides
much needed
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much-needed
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 psychological stability, as there is always going to be a
house
 to live in. Taking ownership of a
house
,
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ultimately
utimately
Correct your spelling
ultimately
 frees up a lot of discretionary spending for the average consumer, which is very good for economic growth.
On the other hand
, owning a
house
 entails a
long term
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long-term
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 commitment
towards
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to
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 a
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specific
specifc
Correct your spelling
specific
 area. If jobs remain plentiful,
then
 the repayment for the
house
 does not become an issue. It will
however
 restrict any
person
 to pursue greener pastures elsewhere. In that scenario, it is important for the
person
 to be able to
rent
 the
house
 and get a good rental yield out of it.
Otherwise
, he or she will have to shift to another
house
 in another area and
rent
 while paying the loan on a pre-existing
house
. Renting,
on the other
hand
Add the comma(s)
,hand
show examples
 provides a lot of mobility at the cost of outgoing
rent
 which could have been invested over the years, to gain ownership of a
house
. Typically, when professionals are in the early stage of their
career
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careers
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, they like to
rent
.
This
 provides them mobility while building up their savings towards eventually owning a
house
. These excess savings can
also
 be utilized to get a better return through financial instruments compared to rental yields. The ability to own and
rent
 a
house
 are both equally important. If everyone owns a
house
 there will be
no-one
Correct your spelling
no one
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 to
rent
 to and vice versa. Renting and owning a
house
 are activities that happen during different stages of life for any
person
. Giving undue importance
towards
Change preposition
to
show examples
 owning a
house
, can lead to people making commitments to buy a
house
,
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apply
show examples
 before they are ready. It can
also
 push up housing prices for everyone and create economic bubbles.
Submitted by rohit.pandeyecon on

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For we to consider an essay structure a great one, it should be looking like this:

  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

Our recommended essay structure above comprises of fifteen (15) sentences, which will make your essay approximately 250 to 275 words.

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