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?

In some countries, the

house

is very important in every person's life.

Therefore

, some

people

believe that the value of owning a

house

is higher than that of renting one. I am inclined to believe that

this

is a positive trend because a stable place where

people

live is the most significant part of their own life.

First

, many

people

in a number of nations have not been in

favor

Change the spelling

favour

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of monthly rental for is a matter of long-term financial benefit. In reality, inflation is becoming more and more serious around the world which means the renting

house

gradually

rises

Wrong verb form

rising

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day by day.

For example

, in Ho Chi Minh city, the average monthly lease in a suburban area has jumped a big step from

last

year. For

this

reason, if

people

buy a

house

outright

instead

of renting it monthly for a long time, they can save a lot of money because of avoiding rent inflation gradually.

Second

, many

people

buy a home for themselves

instead

of renting because having their own home is convenient and simple to modify. They can change everything in their own

house

according to their preferences.

For instance

, changing architecture, interior, and size. Homeownership even can change their

house

in a unique, strange way without having to ask anyone else's permission.

Therefore

, the owner of a

house

would be more active in rebuilding or redecorating the

house

than the person who has to rent a

house

.

However

, some

people

living in urban areas think that buying their own

house

is quite difficult because the price of buying a

house

is expensive.

Nevertheless

, the high purchase price of a home means that the rent there is equally expensive. Renters

also

have to pay the extra costs associated with renting a

house

with a high monthly price.

For example

, in Ho Chi Minh City today, tenants could pay additional management fees, and high parking fees. If

people

buy a

house

, they do not need to pay those fees.

Consequently

, individuals

also

should buy their own

house

when living in the city. In conclusion, homeownership is more affordable for

people

than monthly renting an apartment. Buying a

house

of own could help citizens be more proactive and save money.

Therefore

, if

people

own a

house

,

this

ownership would help them feel free from economic pressure,

thus

making them more positive.