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?

In different countries, their housing markets are influenced by a myriad of external factors,

therefore

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,

people

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’s preferences in these provinces are

also

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different. In some states, individuals would prefer buying a

home

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rather than renting one,

this

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might be because of emotional or financial reasons. I believe that the choice of buying a

home

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over renting is highly subjective but, personally I think getting a rented place to stay would be a better decision for the individual and ecosystem.

People

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buy homes for various reasons,

first

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, is an emotional reason where

,

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apply

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humans try to

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settle down

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settle-down

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settle down

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with their loved ones and live in a

home

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for the rest of their lives.

For instance

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, in India as soon as a person gets a hefty pay-check, his family would suggest

to buy

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buying

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a

house

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for himself, so that he can marry and settle there.

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Second

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The second

A second

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reason for buying a property would be as an investment, where individuals would buy

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house

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a house

the house

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and lease it, to illustrate

,

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apply

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until the ‘2008 Mortgage Crisis’

house

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was an asset which was skyrocketing in its valuation, and

people

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used to buy houses to sell after a few years. These two are the main reasons for buying a

home

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, but there are consequences associated with buying a new

house

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for every individual. The choice of buying a

home

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, versus renting is a purely subjective matter which depends on the career goals of an individual, as well as the economic situation in their homeland.

However

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, I am more inclined to renting a

house

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rather than buying one, because of the impact it has on the environment.

For example

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,

people

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tend to migrate to cities as part of their employment, but that might be a temporary arrangement,

therefore

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if

people

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are trying to own a

home

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in that city that might cause a space limitation as well as

increase

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increasing

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pollution, due to new constructions.

Furthermore

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, renting

also

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gives

people

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flexibility

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the flexibility

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to move around from one location to another. In conclusion, nowadays in some

countries

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,countries

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individuals tend to buy a

home

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over renting. The reason for buying a

house

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might be emotional or financial.

Although

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this

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choice is purely subjective, I believe that paying rent provides more flexibility as well as, decreases pollution due to construction.

Therefore

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, the trend of buying a

house

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seems to be a negative development.