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 ?

The factors that drive

people

towards owning a

house

varies. Many

people

across the world prefer to purchase their

house

rather than rent it. I believe that

this

choice exhibits positive development.

This

essay will discuss

further

details with respect to

this

situation and substantiate my view. To commence with, having an owned

place

provides a sense of security to an individual along with the family. Fluctuations in markets and continuous fear of recession might lead to unstable income, resulting in preventing individuals from attaining basic needs,

such

as monthly rent, food and clothing.

For instance

, if an individual has secured a

place

for shelter, the remaining necessities to seek will be food and clothing which seems manageable.

In addition

to

this

, an individual is safeguarded from the expense of monthly rental which has shown a considerable increase in recent times.

Furthermore

, another reason associated with opting for a personal

place

is the continuous increase in terms of property value.

People

consider

this

as a form of investment

that is

likely to grow over time.

Instead

of paying a large sum of fares while leasing a

house

, it sounds plausible to invest the budget in purchasing it and reaping its benefits.

For example

,

people

who have purchased a

place

about a decade ago has seen the value raise up to ten folds.

Therefore

, considered smart investment and value for money. To conclude, rather than using a

house

temporarily while paying a huge amount with no return and a sense of security, it is better to

place

the same budget into owning a home seems profitable.

Thus

, results in providing a stable lifestyle for the public. I think that

this

is a positive impact on the progress of a country.