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 many countries prefer to be owners of houses

instead

of renting and there are some reasons for

this

tendency. While I accept a few drawbacks of house owning, I tend to believe that there are more positive sides. Homeowners do not need to worry about their relations with landlords or about monthly rent payments. To make their accommodation comfortable, owners can make different changes and decorations or absolutely new designs in accordance with their ideas. Having own flat or house person get

also

additional insurance for his or her future.

Moreover

, investment in property is one of the best ways to save earned money. In my view, to be an owner of a flat or house is a naturally positive development.

First

of all,

people

make good investments in their future and can be confident about their maturity, when their income will include often only pension payments.

Moreover

, several changes and repairments according to owner wishes could be made in own accommodation. The important point,

however

, is that real estate prices are expensive and increase every year. Sometimes

people

have to take a mortgage because

of

Change preposition

apply

show examples

their savings are not sufficient for

this

purchase. In Russia,

for example

, the average mortgage rate is about 15-20 per cent annually which might cut a significant part of the monthly family budget. In conclusion,

this

is no doubt the reason, why

people

want to be owners are a look for comfortable life and assurance. I consider,

although

own home is more expensive than renting, that advantages as beneficial investments and possible to live in comfort accommodation of your dream, overweigh negative aspects.