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?

It has been seen that it is a tough call when it comes to select a place for living, especially when buying

one

. The majority of the nations have suggested that their local people prefer to buy their own property for living

instead

of renting

one

, and it has become a trend now.

This

essay will discuss why

this

trend has become popular nowadays. I contend,

although

it is expensive to purchase an own

house

, still I would say we should welcome

this

trend. To commence with, every individual has a desire to purchase his or her personal home where he or she could live peacefully.

This

is because they work hard to purchase a

house

, which will save their lot of money in the long term.

In other words

, it can be said that it is just

one

time of investment, which will definitely going to be double in few years; whereas, paying for rent would not give them any benefit and ultimately they will lose their money. To illustrate, the Canadian government has announced the "

First

Home Buyer" scheme, in which

one

gets some extra advantages when they buy their

first

house

,

such

as a low-interest rate with the minimal down payment.

As a result

, 96 percentages of Canadians have their own

house

.

Hence

, I would say other nations should introduce

such

kind of programs to take forward

this

movement.

Secondly

, It gives them the freedom to do whatever they like to do in their personal home

such

as renovation.

For instance

, taking myself as an example, when I was a tenant in Toronto, I wanted to install a music system in the

house

, but my landlord did not permit me to do that.

Furthermore

, by having an own shelter, it gives the satisfaction of pride.

One

feels relaxed and can enjoy a lavish lifestyle without any interference of the landlord or any rule.

Thus

, having an own

house

imparts ample of privilege, which we should consider as

one

of the reasons for

this

movement

Suggestion

move

. To conclude, eventually, it is a personal choice whether

one

wants to rent a

house

or buy

one

;

however

, I deem that renting could not save finances, while home ownership can save money in the longer perspective.