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?

People in some nations consider owning a

home

much more important than renting one. Living in a self-owned

home

gives a feeling of stability, comfort and security. In my opinion

Add a comma

,

show examples

whether it is a positive or negative

situation

depends on many factors. People owning a

home

do not have to worry about the landlord nor do they have to pay a monthly rent.

Hence

, they can modify their

home

according to their needs and wants and feel secure in it. For many, the

home

is like a heaven and so they spend quite a fortune on designing and decorating it. Some people,

on the other hand

, consider their

home

as an investment which they expect to appreciate in value in the future. All in all, I feel that whether owning a

home

is a positive or negative

situation

is quite subjective, depending on the circumstances of the person. For people who have the money to buy a big

house

and

f

Add an article

a

show examples

ew financial liabilities, their

house

is an asset and owning a

house

is a positive

situation

for them.

However

, most of the

middle class

Add a hyphen

middle-class

show examples

families buy a big

house

which is often out of their budget. They fund

this

by taking out huge loans and end up repaying the amount over a very long time.

This

increases the interest they have to pay.

In addition

to

this

, they have to pay property taxes and insurance which are directly proportional to the area of a

home

.

Furthermore

,

the

Remove the article

apply

show examples

electricity and maintenance costs get added to their everyday expenses. To conclude, I feel that owning a

home

can be a pleasurable experience if done within a budget.

However

, it could turn into a negative

situation

when a person buys a

home

by getting a loan

that is

way beyond his repaying capacity.