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 many countries, most

people

tend to assume that it is essential for them to have their own real estate rather than rent one.

This

leads to the claim that

house

ownership is generally necessary. From my perspective, owning a

house

is a negative trend that causes

unfavorable

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unfavourable

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impacts on human life for several reasons. The

first

reason is that the overall cost of ownership tends to be higher than renting. There is some expense that one would only have to pay if that person was a homeowner.

For example

, the repairs and maintenance

fee

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fees

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could be relatively costly, and

this

expenditure often does not increase the home’s value.

Thus

, owning a place is not considered to be efficient and profitable.

In addition

to the cost of homeownership, buying real estate in big cities is

considerably

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considered

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impractical for some

people

. Since the population density of these cities is rapidly increasing, the price

for

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of

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a flat rises with it. To elaborate, Ho Chi Minh city’s housing market has witnessed a significant increase in the residential segment during the fourth outbreak of Covid-19. With the per capita income of a developing country

such

as Vietnam, it could take more than ten years for a couple to buy a

house

. So, it would be an ideal plan for youngsters to choose another option rather than spending their savings on a

house

. Some

people

might claim that buying real estate means investing and increasing assets. They say

this

property could be used later on rainy days.

However

,

this

argument is over-simplifying. Their ideal plan is to buy a

house

and pay off it by their retirement age. That was the story before the pandemic.

As a result

of

covid-19

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the covid-19

a covid-19

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outbreak

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,outbreak

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the number of

the

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apply

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unemployed has increased and the mortgage loans for the

house

become a burden. So, the investment would eventually become a debt. To conclude, possessing a

house

is relatively inappropriate for a number of

people

.

Such

ownership appears to be unbeneficial as well as unrealistic and in some cases,

which

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apply

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can put the owner at risk.

People

should spend time on their career, hobby, or passion

instead

of working to purchase a

house

as a milestone of life.