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 nations, the population think it is very important to be a homeowner rather than a renter. I believe the primary cause of

this

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phenomenon is that becoming a homeowner changes how a person’s financial status is evaluated by others.

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, it should be seen as a negative situation for homeowners since they may become less happy

as a result

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of mortgage loans. Owning a

home

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means higher perceived financial status. Nowadays, house prices are extremely high, which means a

home

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is not something someone in the lower middle class or working class can afford to buy.

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to say, if a person owns a

home

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, others will think that

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person has a high-paying job and is doing very well financially.

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, in China, many women will only consider marrying men who own their own homes because they think these men have enough money to provide a comfortable family life.

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, I think purchasing a house or an apartment can make a person less happy. Many families have borrowed hundreds of thousands of dollars from their banks to buy a

home

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. After paying their mortgage every month, they may not have much money left to spend on activities they enjoy,

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as visiting another city and dining in a nice restaurant. In conclusion, the main reason why homeownership is important for families in some countries is that these families think it can increase their perceived financial standing.

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, it can lead to a decrease in happiness and

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is a negative situation for them.