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

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In a country, as a family or as an individual, owning a
house
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is more substantial than renting a
house
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. There are favourable and non-favourable circumstances for
this
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. But I believe owning a
house
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is better than renting one. Mainly, there are many positive points to consider in owning a home. Ownership of the home earns a reputation for the family or single person in society. They will look at the family or individual as wealthier. In the same way have more freedom in their own
house
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. They can live and
change
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anything in the
house
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or renovate as their desire.
Furthermore
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, it will save you
money
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. Spending on the rental is not required as it is owned by you. People can invest
this
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money
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in any other valuable thing.
For example
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, people can start a business, a farm or any interesting thing. By
this
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they can earn extra
money
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.
Then
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your economy will improve according to your profit.
On the other hand
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, sometimes owning a
house
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will be boring.
That is
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because when renting a
house
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people have to
change
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it from
time
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to
time
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and they have to move from place to place. That will be a good
change
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for your lifestyle. It is just like the beginning of new life. But living in the same
house
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will be monotonous. That will keep your life boring.
Moreover
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, you can
change
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your
house
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from
time
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to
time
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in different stages of your life. These are the negative points of owning a
house
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. In conclusion, owning a
house
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is more beneficial than renting a
house
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because it will save you
money
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and the stability of your economy will increase.
Therefore
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, I suggest keeping your own home.
Submitted by isurithilakaratne on

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