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?

it is argued by citizens in some countries that it is more necessary to own a property rather

instead

of having rented accommodation due to several reasons which I completely agree with.

to begin

with, in some countries a home is considered

as

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an investment if the inflation rate is higher than the interest rate which makes buying a house more profitable than having their money at the bank or investing in other sorts of activities. for ,instance people in Iran invest in assets

such

as cars and houses so they can double their money just by waiting for prices to increase.

on the other hand

, some people take mortgage loans in order to get on the property ladder since they believe that it would be easier to pay their debts to the bank

instead

of devoting a large proportion of their income to accommodation rent for the rest of their lives. in ,

the

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conclusion I would say that in some circumstances the benefits of buying a home outweigh renting it since the property could be considered an investment or the mortgage can be played in a short amount of time.