In some countries, owning a home rather than renting one is very important for people. Why do you think this might be the case? Do you think this is a positive or negative situation?

A person’s

home

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is an essential part of their life, as it not only provides a roof over their head

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but determines their lifestyle. Choosing whether to buy or rent their

home

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is a decision everyone is entitled to, but in some regions, owning the place where one lives is preferred.

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essay will discuss the reasons for

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may be and express my opinion about the situation. The causes for the importance of owning a

home

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in these countries can be looked at from an economic or a cultural perspective.

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of all, it is more financially sound to buy your

home

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, as it is a secure investment. Estate ownership is proven to bring equity to its owner over time, and citizens from states who are generally financially stable have a lot of benefits from that.

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, purchasing a house or an apartment rather than renting it is represented in some states as a key to happiness. In the USA,

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, society is touted to believe that owning a

home

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is a step towards living one’s dream life. Both renting and buying a property have advantages and drawbacks, but I find lots of benefits in the preference of the people in

those region

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that region

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towards owning a

home

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. As mentioned,

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way of living provides more stability, and

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states, where people prefer to buy their housing, have lower levels of homelessness. Because of

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,

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lands use more of their workforce and advance easier economically. Another thing is that people who own their homes are more likely to stay in one neighbourhood for a longer time and form bonds with others.

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develops theirs sense of community and makes them more interested in matters relating to their social group,

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popularizing civic engagement. To summarize, owning a

home

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is given a lot of importance in some countries, and that may be caused by their cultural mindset or by tangible reasons,

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as larger personal income in the future. In my view, purchasing an estate property than renting it is a rather positive situation, as it is beneficial to the sense of community of the population and the overall economic state of the country.