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?

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There is little room for doubt that
people
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in some nations put a higher priority on having their own
accommodations
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than on staying in rented places.
This
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is due to the fact that owning a home may guarantee a stable life for many individuals and
this
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should be seen as positive because of the reduction in the number of homeless
people
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in these
countries
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. 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
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, the inhabitants staying in their own houses may feel safer than those renting
accommodations
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because the laters probably endure the cost of renting while losing their jobs.
This
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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
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in other
countries
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may enjoy easier lives without worrying about
accommodations
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.
As a result
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, when there are any problems happening
such
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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
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who are homeless compared to European
countries
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because
people
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in these
countries
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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
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so that they can feel assured to live comfortably and thanks to
this
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trend, there are fewer
people
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without homes living in the streets in these
countries
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.
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