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?

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

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