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

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

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essay discusses the reasons for

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

house

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is considered to be of high importance.

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

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, if they live in major cities

such

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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.

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is because the key factor

which

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apply

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is to

rise

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raise

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children

and

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so

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

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

there

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their

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place. By owning a

house

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, folks can be seen as leading to positive outcomes.

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, the stability

that is

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

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alleviates problems

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as isolation and depression.

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

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, property owners build equity in their houses, and

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asset them to retire comfortably. There are

also

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better placed to ride out any financial hardship.

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, during

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

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house

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houses

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

home ownership

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homeownership

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

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is

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in

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