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?

A key important aspect of modern

life

for people of some countries is owning a

home

rather than renting

one

. The overall housing prices have seemingly increased in the past few years, due to more and more people choosing to buy new houses,

this

also

having a negative impact on the renting market.

Furthermore

, people of different cultures and with various backgrounds might feel

a

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certain security owning a

home

brings,

thus

strongly considering

this

option over renting

accomodation

Correct your spelling

accommodation

.

Firstly

, a vast majority of people have been observed lately moving from the countryside over to more developed areas, where jobs and

life

prospects are of much higher quality. With the rapid development of technology, the general aspects of

life

in big cities have become completely attractive to various citizens who used to embrace the countryside benefits in the near past. As a consequence, an important majority of the population doing

this

lifestyle change started to take into

account

and consider the idea of not just renting a place in large cities, but rather buy them to reach a deeper level of confidence and trust.

Second

of all, taking into

account

financial stability and

sustenability

Correct your spelling

sustainability

,

one

can only perceive owning a

home

is completely

benefical

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beneficial

to themselves, compared to renting.

Therefore

,

this

might be seen as quite a positive situation to vast groups of people, who should not fear that they will be asked to leave their house by the owner, because they are the actual owners.

Furthermore

, provided that

one

can

continously

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continuously

pay their mortgage or/and their utilities, considered that they are the outright legal owners, owning a

home

can only bring positive aspects in their

life

. All points above taken into

account

, owning a house can only bring advantages to some groups of people,

thus

the advantages

this

have over renting are completely

outweighting

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outweighing

the disadvantages. Owning a house with a mortgage brings its own risks that

one

should take into

account

when

taking

Correct your spelling

making

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the decision of buying their

first

home

and stop renting.