In Some Countries Owning A Home Rather Than Renting One Is Considered More Important. Discuss both views and give your opinion.

Since the beginning of time, the

house

has been

one

of the major basic necessities.

Furthermore

, some

people

prefer buying

one

, others choose to opt for rental options.

This

essay will elucidate both views and present reasons for my perspective to own a

house

. To embark upon, in most parts of the world

people

,who are salaried, consider buying a

house

as their

last

priority because they do not earn enough to save money to buy an apartment.

Moreover

, in most ,cases the reason is less salary while others are simply scared to make

such

a huge investment.

For example

, research shows that in most developed

countries

around 60% of

people

living in rental houses for their entire lives.

Therefore

, Purchasing an apartment or a flat might not be of prime concern in developed

countries

.

Conversely

, In some

countries

like India, having a living place of your own is of utmost priority. The reason being

people

live in joint families and need a big place to stay comfortably with their entire families.

For instance

, according to a survey done by the Times in developing

countries

such

as India roughly 70% of the population own their living space.

Hence

, In some

countries

owning a

house

is the prime responsibility of humans towards their families. In conclusion, having a place of your own or renting depends on the demographics since different

countries

have different cultural values that build the priorities of

people

. In my opinion, owning a

house

ameliorate

one

's lifestyle because it gives a sense of stability in

one

's life and encourages them to work harder to elevate their living standard.