In some countries, Owning a home rather than renting one is very important for people

Currently, owning a

house

in some countries rather than living in a rental

one

has become more crucial. In my opinion,

this

situation may have more negative impacts than positive ones and I would

also

like to argue that the reason behind

such

a choice is more of a social

one

. In many countries, possessing a

house

is considered to be a sign of prestige and esteem. No wonder people from those countries would prefer having a whole

house

or an apartment by their name.

Also

, owning a

house

or apartment gives the pleasure and opportunity to upgrade and modify according to the person’s or the family’s distinct choice and taste.

This

situation may create some negative impacts on the rental companies curtailing their profit from

this

venture.

However

, real estate agencies, who mostly earn money from selling ready-made houses or apartments, would love to exploit

this

fair advantage.

Although

buying or building a

house

is highly capital intensive,

house

owners seem to be inclined toward taking a bank loan to fulfil

this

endeavour. Most of them are quite eager to pay the

house

loans for years and years and “relish” the constant stress over simply renting

one

. Studies show that due to excessive stress related to accommodation, and transportation loans, a steep decline in creativity and innovation is discernable. To conclude, the long-term bad impacts on human health and financial aspects of the individuals and the rental agencies depict a negative picture concerning the trend of owning a

house

or an apartment rather than simply renting

one

.