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?

It is often noticed nowadays that a few nations give paramount importance to buy a house rather than taking it on a lease. There are certain factors involved in the development of

this

novel trend

such

as increased affordability and peace of mind.

However

, in my perspective, I feel it is an appropriate development that will help folks in many ways. There are two factors that attribute to

this

notion of buying an apartment of their own.

Firstly

, the public in the developed countries have affluent income and are in a comfortable zone to buy a property for themselves.

For example

, my cousin staying in Sydney was able to buy a flat of his own within six months of his settlement in Australia.

Secondly

, it

also

gives relative stability to

life

and takes the pressure off the working persons in the family. To elaborate, they need not worry about the need to shift to a new place every now and

then

.

In addition

, I truly believe that having your own property has a positive impact on one’s

life

.

To begin

with, people have a sense of security, which not only helps them to be calm but

also

lead a progressive

life

. To be precise, they can focus on new projects at their workplace as well as spend more qualitative time with their family.

Moreover

, investing in a property rewards the owners over a period of time. To explain, land rates gradually increase and so do the price of their homes that they possess. In conclusion, after having a glance at the above explanation, I strongly believe that better income sources and need for sound mental peace have resulted in communities buying their own houses and it has a better effect on the families from their personal as well as professional

life

.