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

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

,

Remove the comma

apply

show examples

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

home

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

This

essay will discuss the reasons for

this

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

home

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

First

of all, it is more financially sound to buy your

home

, 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.

Secondly

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

for example

, society is touted to believe that owning a

home

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

Change the determiner

that region

those regions

show examples

towards owning a

home

. As mentioned,

this

way of living provides more stability, and

therefore

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

this

,

such

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.

This

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

thus

popularizing civic engagement. To summarize, owning a

home

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

such

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.