In some countries owning a home rather than renting one is considered very important. Why might this be the case? Is this a positive or negative development?

People

in some nations consider owning a

home

much more important than renting one. Living in a self-owned

home

gives a feeling of stability, comfort and accomplishment. In my

opinion

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,opinion

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whether it is a positive or negative position depends on many factors. The major reason that

people

prefer purchasing a

home

rather than renting it is that the ownership of a residence is many

people

’s desire. To illustrate, especially in Thailand, when

people

begin their working life, saving money in order to afford a

house

is their

first

goal because having their own

house

is a fundamental factor for building a stable family.

Additionally

, owning a

house

may help

people

do not waste time in accommodation hunting, resulting in they can focus on other aspects of life

such

as career, family. From my perspective, whether owning a

home

is a positive or negative situation is quite subjective, depending on the circumstances of the person.

For example

,for

people

who can afford to buy a big

house

and have few financial liabilities, their

house

is an asset and owning a

house

is a positive situation for them.

On the other hand

, owning an accommodation would be a negative trend for some individuals who have low income, resulting in they do not

have

Wrong verb form

having

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enough money to buy an apartment or a

house

.

Therefore

, they would go to a huge loan and end up repaying the amount over a very long time.

This

increases the interest they have to pay To conclude, I feel that owning a

home

can be a pleasurable experience if done within a budget.

However

, it could turn into a negative situation when a person buys a

home

by getting a loan

that is

way beyond his repaying capacity.