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 ?

In some nations, it is important to own a

house

rather than rent

one

. In my opinion,

this

has positive outcomes,

this

is because

house

ownership can provide stability for some families along with better financial status. There are many reasons why

people

prefer to own

a

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private property;

one

of them is that it can prevent families from moving from

one

place to the other, unlike renting.

Moreover

, if a family owns a private accommodation,

this

may make them feel some sense of security and stability. As well as

this

,

people

who own a

house

have better equity and finances.

For example

, during the recent pandemic, a lot of individuals were put out of work, and they were not able to afford the monthly rent.

As a result

, many individuals have decided to save up buy houses. I strongly believe that

this

is a positive development.

This

main reason is that staying in

one

house

can strengthen family bonds, and family members can get close to each other.

Furthermore

,

this

also

reduces the burden of paying monthly rentals that impose additional stress on families that depend on renting houses.

For instance

, in Egypt, the prices of rented apartments have witnessed a significant rise of 50% over the

last

year. As a consequence, many

people

struggled to find proper places to live in. In conclusion, security, and stability may be the main factors why

people

have opted for private property ownership

instead

of renting. I do believe that

this

is beneficial, as it could improve family relations, and it means less financial burden.