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

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

However

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

as a result

of mortgage loans. Owning a

home

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

home

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

That is

to say, if a person owns a

home

, others will think that

this

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

For example

, 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.

However

, 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

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

such

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.

Nevertheless

, it can lead to a decrease in happiness and

as a result

is a negative situation for them.