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

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

instead

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of renting one. I personally believe that

this

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is a positive trend due to its useful effects.

To begin

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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

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

For instance

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

instead

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they could possess the same home after ten years.

As a result

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,

this

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could be by far much more beneficial for them.

In addition

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, 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

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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

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, 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

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

Consequently

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, 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.