There is no doubt that accommodation is one of the most crucial issues in societies. Whilst proponents hold the view that possessing a house is much more beneficial than renting one for psychological and social reasons, opponents have a diverse perspective. I am of the belief that renting properties can play an essential role in the growth of 
economy
.
Add an article
the economy
To begin
 with, many Linking Words
people
 have a high tendency to buy properties Use synonyms
instead
 of renting them for Linking Words
a 
psychological Correct article usage
apply
reason
. Fix the agreement mistake
reasons
In other words
, if an individual buys his residence, it will give him a sense of ownership and security. A prime example is Egyptian Linking Words
people
 who allocate a high proportion of their budget to purchase a flat. Another reason is marriage which encourages the youth to buy houses rather than renting Use synonyms
it
. Correct pronoun usage
them
This
 example shows that many young Linking Words
people
 consider possessing a residential property as a target not just a Use synonyms
mean
 for living. 
Fix the agreement mistake
means
However
, purchasing houses may pose a threat to citizens, and it  has a detrimental effect on Linking Words
economy
. To explain, when many individuals invest only in the real state market, it may lead to an economic recession. Add an article
the economy
For example
, Linking Words
third world
 countries Add a hyphen
third-world
which 
prioritize investment in Correct pronoun usage
apply
housing
 industry only, Correct article usage
the housing
Linking Words
however
 they neglect other industries Add the comma(s)
,however
such
 as education, healthcare and tourism. Linking Words
Hence
, what can be said is that authorities should channel more funds into beneficial projects which are quite instrumental in developing the economy in the future.
In conclusion, Linking Words
after 
Linking Words
this
 essay has manifested the points mentioned above, it can be reiterated that there are many causes why many Linking Words
people
 prefer to Use synonyms
possessing
 a home to Wrong verb form
possess
renting
 one. I am convinced that funding Change the verb form
rent
housing
 industry only may lead to many Correct article usage
the housing
economical
 issues Correct word choice
economic
on
 the long run.Change preposition
in