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 countries, having a home of
one
's own rather than renting
one
is essential. There are several reasons, but the biggest reason is that buying a
house
is more financially beneficial than renting
one
, and
this
makes
people
consider a
house
as an item of investment.
However
, I am very
skeptical
Change the spelling
sceptical

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about
this
situation
, because the rich tend to keep purchasing a large number of houses for financial purposes, which causes ordinary
people
to have trouble getting a
house
.
To begin
with, the reason why some
people
consider owning a
house
more important than renting
one
is that it is financially beneficial. In terms of renting, the monthly payment for the
house
is just a simple meaningless expense.
However
, when it comes to owning a
house
, it is a stable, high-income investment target compared to other targets
such
as stocks or bonds. To be specific, historically, in the nations that went through rapid economic growth, the growth rate of housing prices has been higher than the figure of inflation in general. With expectations for rising property prices, some
people
stretch themselves to buy an apartment to make a profit. They even get a loan from a bank to buy a
house
, which is a quite reasonable choice for the owners, because the expenditure for the interest of a loan is much lower than the profit from the housing price in the long run.
However
, in my opinion, I have a number of concerns about
this
scenario since the wealthy will continue buying a lot of houses for financial gain, making it difficult for regular
people
to find housing. As I mentioned before, considering investment targets, a
house
, land, or property is guaranteed a stable and large income, so rich
people
who are usually called “property speculators” are eager to get a lot of apartments or complexes.
However
, since places for speculation objects are mainly located in overpopulated cities, the government has difficulties in providing housing land for common
people
. The ordinary citizens barely manage to get
one
house
per family, while “the property speculators” get two-or-three more houses.
This
is the
situation
where demand is gradually getting too high and supply is still too low, which will cause a high increase in housing prices.
Consequently
, ordinary
people
may never have the opportunity to purchase their own dream
house
. In conclusion, there are several reasons why some
people
are obsessed with buying their own
house
rather than renting
one
, but the main reason is that it is an obvious way to get more financial profits.
However
, I am very concerned about
this
situation
because these
people
, and the
situation
they make, lead society to be worse so that the poor can never even dream of a
house
where they can lay down themselves in peace.
Submitted by ghg5252 on

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