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?

There is no doubt that in some culture it significant that to own a home. I strongly believe

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concept has many advantages because

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gives status and acts a kind of saving for the future. The primary reason for buying an own house is that it is a part of status.

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means having a house would help them to get some respect and fame from others in many cultures.

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,

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is a kind of a safe saving plan which can be used whenever an emergency arises.

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, for Indians, it is their dream to own an apartment, for which they spend their entire life's saving and sometimes,even, they take loans from the bank to fulfil their dream.

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, since

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is encouraged in some countries, where no retirement homes are available after aged people.

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, I think

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has many advantages. The

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and foremost benefit is no monthly rental payment, which means they can save

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amount for other purposes,

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, when a person has his own home, he could modify

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based on his choices. A place called home brings a lot of happy memory with his family and friends,

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is extremely important to have self-respect in their life. Alternatively,

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, rental building, which cannot be altered or modified and if any damage happened the owner may charge an extra amount to furnish it. By seeing these all factors, I strongly consider buying a house has more benefits than renting one. In conclusion, people have a different view on buying and renting an apartment. In my opinion, I firmly think that it has more positive sides than any negatives.