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

There is little room for doubt that

people

in some nations put a higher priority on having their own

accommodations

than on staying in rented places.

This

is due to the fact that owning a home may guarantee a stable life for many individuals and

this

should be seen as positive because of the reduction in the number of homeless

people

in these

countries

. The main reason for many inhabitants' inclination towards homeownership is rooted in the fact that it probably ensures owners a less turbulent life. That means they are no longer worried about renting payments that possibly take up a large proportion of their incomes. Once occupants are free from these monthly renting duties, they are able to gear the money towards more useful purposes namely education, healthcare, sponsorship, and so on, that enables these owners to lead a less troublesome life. To illustrate, it is clearly proved in recent times that the COVID-19 pandemic has been spreading across every corner of the world and causing an economic recession.

Hence

, the inhabitants staying in their own houses may feel safer than those renting

accommodations

because the laters probably endure the cost of renting while losing their jobs.

This

can be noted as a positive development because it helps one nation's homelessness rate shrink. As the citizens of these nations spare no effort to build or purchase a house of their lives, everyone automatically has the mindset that they need to have a house whereas

people

in other

countries

may enjoy easier lives without worrying about

accommodations

.

As a result

, when there are any problems happening

such

as unemployment, occupants living in renting homes may be left nowhere to live due to their inability to pay rent costs. A recent study shows that Asian nations have fewer

people

who are homeless compared to European

countries

because

people

in these

countries

find having houses very vital and most of them live in their private homes when reaching their 30s. According to the above analysis, one can observe that it is of great importance for individuals in some parts of the world to own

accommodations

so that they can feel assured to live comfortably and thanks to

this

trend, there are fewer

people

without homes living in the streets in these

countries

.