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 positive or negative situation?

Having an own

property

is much more important than renting in some nations. While there are several factors that caused

this

situation, and I believe that

this

is a positive trend. There are three main reasons that caused people to refer to have their own

house

.

Firstly

, having an own

property

is a symbol of social status. Especially in some Asian countries, people consider success as having

the

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wealth and material possessions, and the

house

is the most significant symbol. If people would not have their own

house

, others would not believe that he/she is a successful person.

Secondly

, some people think that having their own

house

is a prerequisite for getting married. It is because having an own

house

is fundamental to build a family.

Finally

, without having their own

property

, people always feel like homelessness as well as lack a sense of belongs, even they can rent a place to stay. The

house

may terminate the lease agreement and let them move out at any time.

Although

having an own

property

required a lot of money, I think

this

is a positive trend.

This

would encourage young people to fight for their future. They will make a lot of effort to achieve

this

gold, thereby boosting the local economy. People have to pay for the taxes for purchasing a

property

, and housing developers have to build more houses to cope with the demands. Not only it can increase construction business’s income, but

also

help to raise a country’s fiscal revenue,

therefore

governments have more funds to allocate to different essential sectors, including schools, health care and public transport systems. In conclusion, there are many reasons to push people to buy their own properties in some areas. From a long-term perspective,

this

trend will bring more benefits.