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?

It is believed that owning real

estate

property

is more significant than renting. In my opinion, having your own

house

is essential for survival and must be acknowledged as a positive trend.

Firstly

, it is a common belief that possessing a real

estate

property

is essential

,

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because it can be set up for

rent

and generate revenue that covers a lot of financial necessities that the owner of

this

property

may have.

In other words

, owning a

house

and

further

making it available for

rent

is similar to owning

business

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a business

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that provides some stable income.

For instance

, many people across the world use

this

scheme that includes buying an already built or renovated

property

through mortgage or loans,

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and make

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make

Wrong verb form

making

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rent

available for

this

property

,

thus

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and thus

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using money acquired through

rent

to cover the mortgage financial debt.

Secondly

, I believe that owning

house

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a house

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is a positive trend, and I would not prefer to pay for

rent

until

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for

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the rest of my life. In my perspective,

this

is beneficial, because

property

can later be gifted to children,

thus

they will not have to be bothered with financial debts and

minimizing

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minimise

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expenses in order to save up money.

For example

, many Chinese families often own multiple real

estate

properties by the end of their careers and parents of these families often pass these houses to their younger generation that can take advantage, set these properties up for

rent

and get enough money to pay for education, live stress-free from financial burdens. In conclusion, owning real

estate

prevails over renting, because a

house

can be used as a tool for boosting stable income. In my perspective, having real

estate

properties is

also

beneficial, because these houses can be passed down to generations ahead.