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?

It is strongly believed that a

home

is a basic need for everybody

especially

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,especially

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for those who have turned into an adult. In some countries, the ownership of a

home

is a dream for most

people

. In these countries, most

people

are struggling to purchase a

home

rather than rent it. I think

this

is because most

people

believe that a

home

, like land, has a high value and is a safe asset . It is believed and proven that its price tends to increase significantly in the near future.

In other words

, owning a

home

is a kind of a long-term beneficial investment, and it might be sold to earn

a

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multiple amounts of money.

This

is crucial for

people

particularly when they face a difficult situation in the economy in the future.

In addition

, in my personal experience, owning my

first

home

was my number one priority after having a permanent job and getting married. It required a hard effort to set aside the income that I earned every month for some years until it was enough for the advance payment. Having my own

home

rather than renting one was crucial because it gave me the feeling of convenience because of living in our own house. We will

also

have the freedom to decorate our own house. inheritance for my children. Based upon the above-mentioned benefits of owning a hose, it shows that

this

situation is surely positive for

people

.

In addition

to the benefits for the owner,

this

situation might

also

benefit the government.

For example

, the government could collect more property taxes. To sum up, ownership of a

home

is important for some

people

for investment purpose