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?

Housing is an essential aspect of living. It is undoubtedly true that people of an overpopulated city dream of owning a

home

, and it is a popular choice over renting a

home

for an extended period. I completely agree with

this

thought, though it carries some risks. In an overpopulated city where spaces are limited to cater to a large population, it is a status quo to have own

home

. People in

such

place, feel a sense of fulfilment if they can buy one

home

.

Besides

that, the rent amount of

home

is a costly item of living costs. To reduce

this

cost burden, some people aim to buy or build their own homes, which can consider a good investment soon. While people are trying to buy their own

home

, there are two major positive things occur.

Firstly

,

this

pushes the country's economy by creating some jobs.

In other words

, different related businesses flourish simultaneously, which creates opportunities for a diverse group of people to earn money,

for example

, from raw materials to several services required to support

this

industry.

Secondly

, it improves the living standard. Healthy competition is somewhat visible within different industry players, which leads to some new services added to

this

industry. Take a swimming pool, shopping mall, and 24/7 power supply as an example.

On the other hand

, some demerits

also

come in front, like, owning

home

always leads to a loan burden.

This

loan burden not only impacts on monthly expenses, but

also

creates mental stress. After discussing both positive and negative sides, I think, positive is in more substantial to have a

home

than to stay at rent

home

, which outweighs the negative side of it.