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 a positive or negative situation?

While people think that ownership of a

home

is crucial in some countries, in

this

essay, I believe that the disadvantages of owning a

house

outweigh its advantages. There are several reasons why people think that ownership of a

home

is crucial. The main reason is psychological stability from owning a

home

. When people have their own houses, they do not have to pay for rent every month.

This

would make people comfortable even when they lose their jobs.

Furthermore

, people who own a

home

do not necessitate a lease

contract

with landlords. In many cases, the

contract

between landlords and tenants not only gives a lot of stress to tenants but makes them anxious. Because many landlords decide whether they prolong the

contract

according to only their profits.

Thus

, tenants can be evicted despite that they are eager to extend their

contract

with the landlord. In spite of the advantage above, I think that the disadvantages of owning a

home

are bigger than its advantages.

First

of all, purchasing a

house

is huge economic pressure on people because the middle class in people is not able to afford to buy a

house

. In

this

case, a mortgage is inevitable.

As a result

, they have to repay their loan for several decades when but a

house

. In

this

process, a lot of interest would accrue over the period, which leads to more pressure on people who borrow money from banks.

Secondly

, additional expenses happen to the people who purchased a

house

.

For example

, people who own their houses have to pay several kinds of taxes and insurance fees.

Furthermore

, as these are increasing gradually, the

house

owner feels onerous when they pay for those. In conclusion, I think that people should not but a

house

notwithstanding the benefit above.