In some countries owning a home rather than renting one is considered very important. Why might this be the case? Is this a positive or negative development?

In many nations around the world, owning a

house

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is most crucial for the

people

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instead

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of living in a rented

one

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.

This

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essay will consider various factors behind

this

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, and the negative impacts

this

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situation bring on

people

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's lives. The native

people

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of certain countries have a

tendancy

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tendency

to purchase their own houses.

This

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is because owning a

house

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is considered

as

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apply

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a prestigious thing and

also

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people

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do it from an investment point of view. In the contrast,

people

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in my country often think a person is poor if he does not own a

house

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. Another key reason, the population considers while purchasing a

house

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is that - it will serve as an investment in the long run.

For example

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,

one

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of my

friend

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friends

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has purchased two flats in India, just for

the

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apply

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investment purposes. There are negative factors involved in owning a

house

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rather

living

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than living

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in a rented

one

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. To buy a

house

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, there is often heavy home-loan is involved. Because of

this

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,

people

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tend to pay

large

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a large

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amount

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amounts

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of

hard earned

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hard-earned

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money to book a

house

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.

This

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makes

people

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to

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apply

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lose

huge

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a huge

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sum

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sums

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in

one

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go.

This

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amount can be easily invested in

the

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apply

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Mutual Funds or bank schemes to generate more money

instead

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of spending it on the

house

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.

For instance

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,

one

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of my

friend

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friends

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took a

house

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worth 50Lakhs and paid 30Lakh as a down payment to the Bank, which he could have kept as his retirement funds to earn high interest on that. In conclusion, though owning a

house

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is seen as

reputable

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a reputable

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thing, but

people

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often get involved in losing their

lifes'

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life's

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savings just to own a

house

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and

cost

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the cost

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of houses decreases

day-by-day

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day by day

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, which is definitely not an attractive thing to do.