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?

Many people today value owning their own
over renting. In my opinion,
is part of a natural human desire for security and prestige but it contains risks. The source of
desire is a need for stability and respect. An individual who does not own their own
must pay rent to a landlord.
hangs over them and necessitates maintaining a job with a steady salary and balancing rent against other living expenses. Once a person owns their own
, they are
able to spend their money more freely and consider different employment without the fear of becoming homeless.
, having a
lends an air of respectability. Only the wealthy are able buy a house and most homeowners take pride in the size and condition of their
as a sign of their social standing.
ownership is a negative trend as it forces unrealistic expectations
millions. Most people live in city apartments with rents and are not capable of buying a house. The pressure to buy one is likely to engender feelings of inadequacy and resentment towards the upper classes.
the sub-prime mortgage scandals of the early 2000s in the United States when millions borrowed more than they could afford to buy homes,
defaulted on their payments and lost a lifetime of investment. Had these same people opted to rent, they would have saved more money and could have invested in other forms of capital
as the stock market. In conclusion, owning a
is innately
desirable but
Accept comma addition
desirable, but
in the end causes more harm than good due to the pressure it places on individuals. Many people have learned
lesson and
ownership may begin to decline in the future.
Submitted by bonzer on

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