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?

It is commonly believed that housing and welfare play important roles in life and no one can deny it.

However

, in recent years, we have witnessed that most of the society prefer to purchase a home

instead

of renting one. I personally believe that

this

is a positive trend due to its useful effects.

To begin

with, the main reason why I am an advocate of buying a house is that it could be a kind of reliable investment. To be more precise, paying the monthly buy bills will lead to possessing an asset after a long-term period,

although

it is known that the expenses of both buying or renting a home is approximately equal.

For instance

, a family living in Toronto should pay on average nearly 2000$ each month on renting a flat, whereas by paying 2400$

instead

they could possess the same home after ten years.

As a result

,

this

could be by far much more beneficial for them.

In addition

, another reason that may give a rise to being in agreement with buying a house is that the family gets familiar with a special place after a period of time.

That is

to say, the more time you spend living in a place the more convenient you could become with the environment and the facilities.

For example

, my family and I before buying our own apartment used to renting a house and each year we had to move to a new neighbourhood, and

this

would take some time to know the area sufficiently and get introduced to the neighbours.

Consequently

, buying your own living place may increase your well-being. In conclusion, by considering the aforementioned reasons, paying the accommodation expense as an investment, and getting familiar with a special zone, I believe that the considered issue could be advantageous.