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?

There are different trends in the real estate industry in each nation, as the popularity of buying or renting a place is not similar around the globe. The expenses related to renting as well as having a

house

as a status symbol can be the reason for choosing to own a

home

rather than renting one. I assume that

this

is a positive situation, which helps people develop their future life.

First

of all, there are some countries where the value of renting is the same as paying for a mortgage in a bank.

Therefore

, it is better to purchase a

home

and give a monthly payment, which would later add

into

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assets rather than putting that money into rent as an expense. Along with

this

, owning a

house

is counted as added wealth,

however

, being a tenant is considered to be poor in some parts of the world. The financial well-being of a person is estimated by the worth of the

house

.

For example

, in India,

the

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man won’t easily get

the

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permission from his girlfriend’s parents to get married when he lives in a rented

house

. So it is really important for men to have their own

house

to build up their future family. In my opinion, it is a positive situation to possess a

house

for every individual who wants to have a stable life. It is a good opportunity for investment and renovation according to their own style.

For instance

, people sometimes have to spend their money repairing the facility of the landlord’s

house

so it would be unfair when they can not use it for a long time.

Moreover

, to some people, they are really frustrated when they have to follow all the

house

owner’s strict rules so it will be more comfortable and freedom if they have their own private

home

. In summary, there are many reasons for having a

home

depending on the different culture and income of each person. Modern life is more and more difficult to own a

house

so I believe that it is very essential for us to make a financial plan to achieve it as soon as possible.