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?

At a present,

people

in some countries believe that it is better for owning their homes rather than renting them.

This

essay will discuss two of the main driving forces behind

this

matter and the main reasons why I believe it is a mostly positive trend. There are several reasons to explain why

this

case is happening in some countries.

Firstly

, paying for renting a

house

makes up for a large proportion of

people

’s incomes. So,

this

usually pushes new starters to have a limited amount of money to spend on other aspects of life

such

as leisure and healthcare.

Likewise

, most

people

might feel they paid for something which they could not be owned after investing for several years.

Secondly

, a

house

is one of the most essential properties being owned in a lifetime when

people

become adults and is considered to be the most expensive expense making some

people

have to rely on a long-term bank loan. They,

therefore

, need to purchase it as soon as they are capable of paying

house

mortgages finished before their retirement.

In addition

, a

house

is regarded as a long-term burden as the price would grow along with the inflation rate. If

people

postpone buying for a few years, the price would increase to a rate that they might not afford or need to spend more on interest. In my view, there are positive impacts on

this

matter in two aspects in terms of obtaining comfortableness and unleashing financial constraints. Owning a home could benefit in terms of pleasantness since homeowners could feel secure about the unpredicted situation and enjoy their own spaces in doing whatever they want.

For instance

, they might not concern when they have some conflicts with the

neighbors

Change the spelling

neighbours

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and can feel comfortable about doing certain things

such

as smoking and having parties within the

house

.

Moreover

, buying homes at a younger age is advantageous for new starters to manage their money for future spending when they get older since they can meet the debt relief stage before retirement.

Besides

,

this

trend contributes to a good opportunity for encouraging

people

to have a healthy financial lifestyle, reaching their ultimate goal of paying off debt. To sum up, the trend of owning a home may cause by personal financial limitations as well as seeking life’s stability since a residence is considered to be a necessity and one measure of success. I am convinced that investing in a

house

whenever ready is beneficial for

people

in terms of making a significant plan for a future life regarding avoiding difficulty after a retirement period.