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?

In different countries

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,

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there is a widespread opinion that buying a

home

is highly significant for people, while at the same time, it is said that there is a great range of rental apartments, so it is easier to

rent

than to buy.

This

essay will attempt to look into the key factors as to why people may prefer owning a

home

to renting one as well as the main advantages and disadvantages of

this

case.

To begin

with, many people indeed are obsessed with the idea of owning a

home

in comparison to renting one. As a matter of fact, people living in their own property feel secure, especially, in times of crises and other contingencies.

For example

, in the turbulent times in economics

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many professionals lose their jobs and paying

a

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rent

may become a hard burden for them, while owning a

home

allows

to soften

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softening

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these temporal difficulties. Another reason is that during lifetime people invest a lot of money and time in decorations and adornments, so in case of

r

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the

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ental apartment

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all these investments would be waste of time and money.

Nevertheless

, it is obvious that buying a

home

or a flat is definitely

h

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a

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ard decision due to high prices. Many people cannot afford to buy a property to live on their

work

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workers

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compensation and getting a

mortgage

is not an answer.

For example

, in many developed countries

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,

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it takes many years to repay the

mortgage

and

mortgage

rates are so high that a monthly

rent

pay

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payment

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could be more efficient from the financial point of view. In my opinion, renting an apartment has more advantages in comparison to owning a

home

.

For instance

, renting enables people to experience many cities for a living

,

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because it does not require enormous investments to move from one place to another.

Moreover

, people renting an apartment are remarkably more flexible and mobile in choosing a place of living,

as a result

, they have more opportunities for work and travel around the world. In conclusion, it is quite apparent that owning a

home

provides more social security, but it is worth to precisely estimate a buying from

c

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the

a

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ost-efficient viewpoint

,

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because it is usually more affordable to pay monthly

rent

than interest on

m

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a

the

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ortgage. What is more important, renting provides more

opportunites

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opportunities

to experience different cities to live.