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

Nowadays, most people have started to take interest in the area of real estate in almost all countries. They are considering buying their own house

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of renting one due to multiple reasons.

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, in my opinion, it is a favourable scenario if you have a place of your own and in

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essay, I will shed light on why it is necessary. Since the downturn of the economy, the rents have drastically increased. If a human has a place of his own,

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luckily he does not have to pay the rent and can save a good amount.

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, in Pakistan, a two-bedroom residence costs around 30,000 rupees per month and the salary of an average Pakistani is 60,000 rupees.

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, the rest of the amount is taken away by bills, utilities and groceries. As a consequence, a person is not able to save any penny for a rainy day so it is very crucial to have a space of your own.

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, being a tenant to a landlord is really helpful for the students. Most students tend to pursue their higher education in other countries and while being a pupil, they cannot afford an accommodation of their own.

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, if a student is moving abroad, he would either live in a dormitory or share an apartment with another person. In that way, he does not have to be worried about buying an apartment or a home. To put it in a nutshell, having a household possession depends on one's financial situation and preference. I believe that owning a space has several benefits and a person should definitely buy one if it is affordable.