In some countries, owning a home rather than renting is very important for some people. What might this be the case? Do you think this is positive or negative situation?

In certain places, accommodation ownership is seen as imperative as opposed to renting of a home. Overall, the need to establish a roof over one's head is of the essence,

however they

Accept comma addition

however, they

are different paths to achieving

this

, with each bearing its advantages and disadvantages. The reason for house ownership

instead

of leasing shall be discussed as well as my opinion.

Firstly

, the advantages of purchasing accommodation can be of the reason why individuals choose to

this

.

For instance

, the outright owning of living facilities gives freedom and opportunity to make changes to the building as they please, remodel or renovate to their taste.

Also

, having possession of one's living quarters can be of financial gain,

for example

, the property can be used as collateral in obtaining loans and opportunities with the bank and government.

On the other hand

, certain people believe that the monthly or annual payment for a property can be cost effective to a group of humans in society.

For example

, it is beneficial to single or unmarried individuals who are not yet settled and are prone to relocate, as home ownership can be permanent in terms of settlement.

However

, comparing with possessing one's home, it may not be cost effective in the long run. In conclusion, the purchase of a property can be imperative for individuals, especially families in some nations, as opposed to monthly payments as it is cost effective. In my opinion, I believe that

this

has a positive impact as the benefits outweigh the cons.