This section presents a professionally wirtten variation of your essay and highlights the differences.
It has become increasingly important for people to possess their own home rather than transitioning between rental accommodataions. While there are various reasons behind this new phenomenon, the beneficial and detrimental consequences of this trend cannot be overlooked.
It has become increasingly important for people to own their homes rather than transition between rental accommodations. While there are various reasons behind this phenomenon, the beneficial and detrimental consequences of this trend cannot be overlooked.
One of the reasons justifying the idea of owning a home rather than renting one is the significant increases in yearly accomodation expenses due to rising inflation rates. This growing inflation is particularly more noticeable in developing or under-developed countries, where individuals are compelled to spend a considerable proportion of their income on renting accommodations. As a result, many people in these countries gravitate towards buying their personal home using their accummulated savings. Moreover, possessing a private home may be considered as a potential asset by some individuals. That is, when people own their personal accommodation, they can rent various parts of it, such as available empty rooms, and earn money. This could be a continuing source of income for families, particularly those with children living in houses with multiple rooms.
One justification for home ownership over renting is the significant increase in yearly accommodation expenses due to rising inflation rates. This inflation is particularly noticeable in developing or underdeveloped countries, where individuals spend a considerable portion of their income on rent. Consequently, many people in these countries gravitate toward purchasing their own homes using accumulated savings. Moreover, owning a home may be considered a potential asset. When people own their accommodation, they can rent out unused spaces, such as spare rooms, generating additional income. This can serve as a steady source of revenue, especially for families with children living in multi-room houses.
There are advantageous and disadvantageous to this new trend. On the plus side, for extended families with children, owning a home provides stability and allows their children to easily adapt to their living environment. In other words, individuals do not require to switch between different rental houses, and can remain in their accommodation for several years, enabling children to make greater bonding with the local community. However, the tendency to purchase personal houses might strain individuals, particularly those with middle or low income status, resulting in anxiety and emotional stress. This issue may worsen when families grow, necessitating ownership of houses with spacious rooms and greater facilities.
This trend has both advantages and disadvantages. On the positive side, homeownership provides stability for families, particularly those with children, allowing them to adapt to their living environment without frequent moves. This stability fosters stronger community bonds. However, the pressure to purchase a home may strain individuals, especially those with middle or low incomes, leading to financial anxiety and emotional stress. The issue may worsen as families grow, requiring larger homes with more amenities.
In conclusion, the tendency to purchase personal home originates from several causes, the most important of which are related to inflation rates and providing an additional source of income.In my opinion, this trend can be both detrimental and beneficial, requiring careful consideration of this topic.
In conclusion, the trend toward homeownership stems from various factors, primarily inflation and the desire for additional income. In my opinion, while beneficial in some respects, this trend also poses challenges that require careful consideration.