In some countries, owning a home rather than renting one is very important for people. Why might be this the case? Do you think this is a positive or negative situation?

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In a few parts of the world, people prefer living in an owned home as compared to rented one. There are several reasons responsible in
this
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scenario
such
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as the mentality of the individuals for having the stability of the shelter and sometimes it a matter of financial burden, which I believe is favourable.
Firstly
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, the most important advantage of residing in a house which is self-owned is that it provides stability in life. Living in a leased property comes with numerous problems. Especially, dwellers cannot stay in a rented house for a long time because of the agreement. They are forced to shift which requires searching a new place, shifting, hiring packers and movers resulting in not only mental strain but
also
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physical stress.
For instance
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, it has been observed that the job-holders residing in a room which is rented requires them to change their location often which bothers them a lot.
Furthermore
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, surviving in a residence which is not owned property costs a lot of money. Particularly, for the families of a salaried employee. A large proportion of income is spent on paying the rent value. Apart from
this
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, another burden is of stamp fees required for executing the deeds of leave and license.
Consequently
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, limited income and huge expenditure impact their living lifestyle. To illustrate
this
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, several studies were done among the employees of the same position having a similar annual package. Where it was found, the people residing in their self-owned residence were having an improved way of living as compared to those accommodating in a rented place. To conclude, the choices of citizens to remain stress-free in terms of relocating and financial burdens are some of the major issues which are resulting in the increasing trend of owning a home. As far as I am concerned,
this
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is an affirmative condition.
Submitted by kzeba8 on

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