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 ?

There are different trends in the real estate industry in each nation, as the popularity of buying or renting a place is not similar around the globe. The expenses related to renting as well as the

house

is a status symbol can be the reasons behind choosing to own a home rather than renting one. I believe that

this

is a positive trend, which helps people to invest in the future.

First

of all, there might be countries where the amount of rent is similar to paying for a mortgage. In

this

situation, it is wiser to purchase a home and pay for monthly instalments of it, which would later add into assets rather than putting that money into rent as an expense. Along with

this

, owning a beautiful

house

is counted as added wealth ,

however

Add a comma

,however

show examples

being a tenant is considered as being poor in some parts of the world. The financial well-being of a person is estimated by the worth of their

house

.

For instance

, in India, parents visit the

house

of the probable match for their daughter’s marriage and do not prefer guys who rent an apartment or

house

, so for these ,men it is really important to buy a

house

to find a partner.

Thus

, they prefer to purchase their own place. Moving ahead, I consider it being a positive development because it gives the opportunity for investment. Investing money in the property means increasing assets, which could be used later on rainy days.

For example

, people can buy a home in their thirties and pay-off it by their retirement age,

this

gives them an option to sell that place for retirement savings, where they already have lived almost for free for so many years.

Hence

,

this

approach is beneficial in the long-term. To conclude, it can be said that, purchasing a

house

can be for expense or flaunting status reasons, and it is worthwhile as an investment scheme.