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 is a positive or negative situation?

A common belief of owning a
home
is developed in many countries of the world and the idea of living in rented accommodation is frowned upon by many people in
such
nations. I think wastage of
money
behind paying the amount of rent could be the reason why
such
is the scenario in some places and I believe it is a positive attitude.
First
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The first
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cause of
such
a situation in some of the nations could be the monetary waste involved in renting a place because a sum equivalent to the equal monthly instalment for a
home
is paid every month by those who choose to live in a leased property.
Hence
, in many countries of the
world
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,world
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this
ideology is developed that one must be owning a
home
in order to avoid the wastage that renting a place follows. Because of the above-mentioned
reason
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,reason
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I believe it is a positive development as
money
would be invested not wasted if a person is having his own place to live and it seems perfectly reasonable to pay the instalments for a property rather than giving a sum every month just for occupying space.
Moreover
, having a
home
is one of the three most basic necessities - food, shelter and clothes.
That is
why I believe that it is crucial for most people to be able to fulfil their basic requirements. Not only
this
money
saved by not having to pay the rent could be utilized in multiple ways for self-growth
also
.
For example
,
this
amount could be used by a person to start his own business, to learn a new skill or he could just save it for securing his future monetarily. In conclusion, buying a
home
instead
of paying rent each month is quite popular in some cultures and it is beneficial too in my opinion since
money
hence
saved could be used in many ways.
Submitted by goswamimanisha403 on

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Topic Vocabulary:
  • ownership
  • renting
  • importance
  • sense of security
  • stability
  • financial investment
  • asset
  • customize
  • decorate
  • belonging
  • community
  • potential
  • future generations
  • long-term
  • cost advantage
  • control
  • living space
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