In some countries, owning a home rather renting one is very important for people. Why might this the case? Do you think is a positive or negative situation?

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People in some parts of the world prefer to buy a home
instead
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of being a tenant. For a number of reasons,
this
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could be important and in my view,
this
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is both positive and negative development, even though the benefits of
this
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trend are outweighed the drawbacks. It is true that people for various reasons wining a house
instead
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of renting.
Firstly
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, buying a shelter is one of the aims of the family’s budget and reaching
this
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goal gave them a sense of fulfilment in their comfort zone.
Secondly
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, in large cities, the rental prices are permanently increasing and some people are obliged to downsize according to their limited budget,
therefore
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, the public tends to buy a house and pay a fixed mortgage payment for years .
For example
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, the mortgage interest rate is three times less than regular loans in many parts of the world.
Finally
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, a variety of societies, especially in developing countries, consider it as a kind of investment that can help them financially in the near future.
However
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,
this
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trend has both positive and negative consequences that affect communities. From a positive point of view, individuals can renovate and decorate their homes as they want and there is no need for landlord confirmation.
In addition
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, families don’t pay a monthly payment for the rental fees. It means that Fathers as breadwinners can spend
this
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money on other essentials.
On the other hand
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, tenants can easily move in case of job relocation and
also
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they are not responsible for repairs and maintenance. In conclusion,
although
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renting a house is more flexible for relocation, by owning a property, individuals have a profitable investment and they can have true a sense of tranquillity.

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