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

Selecting a place to live in is a big decision to make. In some parts of the world, people value their own accommodation because it is a sense of achievement rather than renting which could not save money in the long run. From my perspective, house ownership is a natural human desire.

First

and foremost, many individuals seek to own their personal house where they could live with peace of mind.

Although

they may struggle to acquire it, many people tend to purchase homes as per their needs.

For instance

, in many western countries, people mortgage and take loans from banks to purchase

property

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the property

a property

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. Whereas, living as a tenant, not only one must have to abide by the rules and regulations set by the landlords, but

also

individual can not renovate or repair according to his need.

Thus

, it is imperative to have a

home

where one can live peacefully.

Nonetheless

, I believe that having a

home

has many positive aspects

such

as it gives freedom in doing many things. Persons will not get bound to anyone's rules and regulations and owners have the opportunity to renovate frequently. Taking myself as an example, when I was living in the suburbs of Auburn, Sydney, I cannot even move a refrigerator from the kitchen to another place, so having personal accommodation is necessary to thrive in society.

Furthermore

, the sense of satisfaction can be felt in our own building which could be missing in renting an apartment so,

this

will make the owner feel more relaxed.

Hence

, owning a

home

gives satisfaction. To sum up, a place to live truly depends on the dwellers either if they live as a tenant or have their own flat.

However

, renting a

home

could not save finances while ownership can save money.