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 is a positive or negative situation?
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 people
have a high tendency to buy properties instead
of renting them for 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 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 it
. Correct pronoun usage
them
This
example shows that many young people
consider possessing a residential property as a target not just a mean
for living.
Fix the agreement mistake
means
However
, purchasing houses may pose a threat to citizens, and it has a detrimental effect on 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
, third world
countries Add a hyphen
third-world
which
prioritize investment in Correct pronoun usage
apply
housing
industry only, Correct article usage
the housing
however
they neglect other industries Add the comma(s)
,however
such
as education, healthcare and tourism. 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, after
this
essay has manifested the points mentioned above, it can be reiterated that there are many causes why many people
prefer to 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
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