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?

Owning a

home

is somewhat considered

as

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apply

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one of the most prominent milestones in a lifetime. There are some engenders behind

this

perception.

This

disquisition will delve into several major reasons, and

subsequently

, will show my perspectives on

this

occurrence. The root of

this

comes from the intangible and tangible value owning a

house

brings. As you pay an enormous amount of money for

this

homeownership, you can personalize your

home

and gain control over maintenance, which is utterly absent in renting.

As a result

, the owners get a sense of stability against adverse events,

such

as inflations, rising rentals, and relocation.

Additionally

, a property is an excellent investment in real

estates

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estate

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. With the rapid growth of population and economy,

people

tend to migrate from rural areas to metropolises in search of jobs and better

life

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living

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standards, which drives real estate prices skywards;

this

opens up life-changing opportunities for many.

Hence

, some

people

prioritize purchasing a

home

above leasing despite

large

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the large

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loans they have to apply for. It is entirely subjective to decide whether

people

should buy a

house

or not as

this

depends on

financial

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the financial

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situation, personal goals, and lifestyle. Investors holding enough financial

powers

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power

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would spend a large portion of their portfolios on

this

sector because real estate seems to be the safest and most potential channel. The property is now a kind of an asset to them.

Also

, some

people

who prefer stability, desire

a

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apply

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pride of ownership, and are willing to take responsibility for all repairs and maintenance including costs may want to own an apartment.

Otherwise

, young

people

who

is

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are

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still struggling with financial problems, or

prefers

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prefer

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flexibility should consider renting an apartment as regular upkeep may be costly and relocating is easier. If financially

uncapable

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incapable

people

blindly commit

buying

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to buying

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a

house

, the

house

may turn into a liability, a burden that deteriorates their life quality significantly over an extended period. In conclusion, owning a

home

is innately desirable,

however

, I personally think positive or negative impacts of ownership are conditioned to aspects of

incomes

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income

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, expenses, and preference.