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 is widely believed by citizens of some nations that purchasing a house is more valuable than renting a place for accommodation. The most conspicuous factor contributing to

this

matter would be that it is a reliable investment in some areas.

Also

, I find

this

issue a beneficial practice to secure money.

To begin

with, in some countries, real estate is a perfect form of investment.

That is

, the value of accommodation areas is escalating at an alarming pace, which could provide owners with a considerable interest rate.

Therefore

, they prefer to allocate their asset to

this

sector to gain desirable profits. Take Iran,

for instance

; in the

first

three months of the year, the average price of houses rose by 25 per cent .

this

amount of profit could not be achieved in any other field.

On the other hand

, demerits are overshadowed by merits.having a residence for your own is considered a positive approach to tackle the disastrous inflation that many countries are struggling with. To put it simply, due to the economic crisis, many people have to increase the amount of rent or deposit to rent a place that they are living in at the moment.

Thus

, possessing an apartment may be costly in the

first

stage, but people can benefit from it in a long-term period.

Moreover

, owning a home could be a relief for a large number of people who are changing their rental house on a regular basis and could significantly decrease the level of concern for the mentioned group. In conclusion, economic issues may be the justification that convinces people that having a home for their own is crucial.

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his would serve an economic point for people