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?

The real estate business in each country has its own patterns, as the popularity of purchasing or renting a

home

differs from country to country. In recent years, we have seen that the majority of

the

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apply

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people

prefers

Change the verb form

prefer

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to buy rather than

rent

a

home

. Due to its beneficial effects, I believe

this

is a positive trend. A clear positive is that having an owned house provides a sense of security to an individual along with family. An individual who does not own their own

home

must pay

rent

every month.

Thus

, It is necessary to maintain a job with a steady salary and balance

rent

against other living expenses.

However

, Once a person owns their own

home

, they must not pay

rent

, so they are able to spend

money

more freely and consider different jobs without worry of becoming homeless.

In addition

to the guarantee, living in a house for a considerable duration will create a bond in the family.

Although

renting a

home

gives you more choices for different types of accommodation, owning a place has emotional implications for children and

elderly

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the elderly

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. Older persons and children like to move to an area where they know the

neighbors

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neighbours

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and locality. If they changed their location,

for example

, they became overwhelmed. It will take time for them to adjust to their new surroundings, which may result in mental illness and loneliness. Some

people

might claim that buying a residence causes an economical effect on the pocket. Since a person would need a loan to purchase it,

this

should end up costing more

money

in the long run than renting.

However

,

this

argument is dubious since

people

can generate passive income from their real property. In simple terms, if someone rents out their house, they will be paid the

rent

monthly.

This

is another way to assist

people

in earning

money

besides

their routine work. All in all, while an uncountable person lives in renting places, there are groups who prefer to have their own accommodation as it brings a feeling of safety and

instills

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instils

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a personal attachment in the family. Rather than renting a property for a short period of time while paying a large sum with no return and no sense of security, it is preferable to invest the same amount of

money

in owning a

home

that appears profitable.