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?

Instead

of staying on rental basis, the importance of purchasing a house becomes pivotal among people in a few countries.

This

essay will explore what might be behind

this

trend, and personally, I feel that

this

is a positive development. One of the most significant reasons why many individuals are deciding to buy a home could be that now the prices of rent are at a pinnacle than it used to be. Due to

this

, one could not able to save handsome finances, which is a serious problem in most families, because they spend a lot of

money

to pay monthly rent.

For instance

, a recent study was conducted in the United States of America, has shown that tenants are paying 45 percentages of their income into the rent.

As a result

, people are turning to take a risk on buying their own dwelling, maybe through a bank loan, because it gives them an option of low-interest rate instalments. There are two primary factors, which can be proved as promising progress for

this

pattern.

Firstly

,

homebuyers

feel relaxed and can enjoy a lavish lifestyle without any interference from the landlord.

In other words

, by having an own shelter, it gives them satisfaction of pride, as they have built it

from

Suggestion

for

their hard-earned

money

.

Secondly

, most individuals consider home as a secured asset, which going to be double in a few years.

Hence

, it will help them to save ample of

money

in the long term.

Thus

,

this

trend will bring beneficial impacts on one's life and can improve the quality of life for so many. In conclusion, I strongly believe that positive sides do overpower negative ones, and would say

homeownership

can save

money

in the longer perspective, whereas renting would not impart them any benefit.