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

Nowadays, some individuals tend to have their own

house

compared to renting a home and it is regarded as the main task.

This

essay discusses the reasons for

this

and why I believe it brings merits. There are two main reasons why owning a

house

is considered to be of high importance.

First

of all, monthly rent is growing up to impact tenets' lives.

In particular

, if they live in major cities

such

as London or New York, the payment will be burdensome for their cost of living. Another reason is that a family needs a stable place.

This

is because the key factor

which

Correct pronoun usage

apply

show examples

is to

rise

Correct your spelling

raise

show examples

children

and

Correct word choice

so

show examples

they can have safe rooms for playing or studying. It makes families more harmonious to gather whole members of a family.

For instance

, every time parents return to their family home it reminds their children of all the fun times in

there

Correct your spelling

their

show examples

place. By owning a

house

, folks can be seen as leading to positive outcomes.

First

, the stability

that is

possible to provide to families is paramount to social stability. When the bonds between family members are strong,

this

alleviates problems

such

as isolation and depression.

This

is because when people are surrounded by their family, they feel loved.

In addition

, property owners build equity in their houses, and

this

asset them to retire comfortably. There are

also

better placed to ride out any financial hardship.

For example

, during

this

current pandemic, people who lose their job but have their own

house

Fix the agreement mistake

houses

show examples

will not be evicted due to being able to pay rent. In conclusion, for the reasons aforementioned, the motivations behind

home ownership

Correct your spelling

homeownership

show examples

are a desire for an exuberant family environment and a way of investment.

This

is

Correct your spelling

in

show examples

my view, highly beneficial because it results in a strong part of financial power and social cohesion.