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?

Certain nations state that purchasing their own

homes

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are more valuable than renting one. I believe that there are several reasons which contribute to

this

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scenario

such

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as personal security, government policy and future investments. I think that

this

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situation has both a positive and negative impact on

people

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. In certain countries

for instance

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my country in Malaysia, the government supports owning a home through subsidised programs

such

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as "One Malaysia

Homes

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" for lower-income families. They

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allow withdrawal of EPF funds for the sake of purchasing

homes

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and provide tax relief of up to RM10,000 for purchasing a single house.

People

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make way into buying these schemes as they feel at ease residing in a place where they do not need to have the fear of being chased out by their landlords. Certain landlords can be really fussy and frequent checks on their premises drive

people

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away from staying there permanently. There is

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a high likelihood that they would increase their rental fare after the rental contract is over and they will always be in the search of a more promising tenant. Families who come from a more affluent background or permanent dwellers are

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into the idea of purchasing their own

homes

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as

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adds to their advantage to possess their own personal inheritance which could be passed down to the

next

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generation or rented out later for monetary purposes. Despite all that, there are several reasons why

people

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rent

instead

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of buying their own

homes

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.

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, they are on a tight budget and renting enables them to divide a fair share of the rental payment with others. Students and tourists especially prefer to rent because they are not permanent in a certain place and they leave the country as soon as they finish their studies or visit. Employees who often shift jobs

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stand a better livelihood if they do not tie themselves into loans purchasing a home. In conclusion, owning a home has both positive and negative impacts on

people

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depending on the different circumstances their livelihood are and it is entirely up to us to decide which one would be more beneficial not only due to the flexibility, budget and security but

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for future investment purposes.