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 a positive or negative situation?

In recent years, more

people

concerned about the ownership of their properties.

Thus

, in some countries, residents prefer to buy a

place

rather than renting it. In

this

essay, I will explain the reasons behind

this

issue and

then

delineate its effects on the community. The given argument normally arises from the critical economic situation and a poor regulation system. In areas, where high inflation causes the value of property to be increased, the rental cost is jumped yearly.

Thus

,

people

should assign a greater portion of their income to have a home.

As a result

, individuals prefer to save money by owning their residential

place

.

Moreover

, there is a lack of rules to advocate for tenants. Population who are looking to find a suitable

place

, face unjustic agreements, which are normally benefited the owner rather than them.

For instance

, In Iran,

people

prefer to buy a property in a side-city rather than rent a

place

downtown because they are required to sign a guarantee check to ensure payment. The above issue has negative effects on

people

and properties.

First,

the value of houses is going to be increased since there will be an increased demand for ownership. In

this

situation, the current inflation is

also

going to worsen.

Besides

, communities consider ownership as their main aim in life, despite the fact that they can invest in more profitable opportunities and obtain gigantic revenue.

For example

, in Iran, the majority of nations ignore the stock market's potential for future investment and rely on buying apartments only. In conclusion, economic destruction and an unsupportive regulatory system cause

this

phenomenon, and it will bring another increase in the price of residential areas and a neglect of other investment choices.