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?

In many parts of the world,

people

always desire to possess a

house

rather than live as a tenant. The reason for

this

could be financial security, or perhaps

this

is just a way for

people

to state their social status through their possession. In my opinion,

this

could be a big motivation for economic development. A household normally faces a load of billings every month

such

as electricity, internet, education, etc. A

house

rental bill can actually become a straw that may break the camel's back;

therefore

adults nowadays tend to do at every cost to possess a domicile to lessen the burden on their monthly bill.

This

also

helps breadwinners secure the family’s financial condition and use that extra money on

house

rental payments to enhance life quality

such

as saving up for a holiday or buying more household conveniences.

Additionally

, it is usually believed that settling down and building a home is a milestone in a person’s life.

Thus

, to some folks, their residence is evidence of their successful life or that they have reached another milestone.

This

is somehow a way that

people

believe to help them claim their social status among others. As far as I am concerned,

this

is a natural development. In history, humans have shown themselves as ambitious creatures who always desire to dominate and possess their surroundings. The craving for owning property will become a motivation that pushes a man to work harder to create wealth and riches.

This

will indirectly do good for the economy when everyone is putting themselves in a competition to make more money. In summary,

people

have their own reasons to yearn for a

house

of their own.

This

can be advantageous to the individual themselves and society in many ways.