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

Owing a permanent residence is a dream for most of the populace around the world.

People

in some countries are supposed to own a

house

rather than rent it.

This

situation might be the outcome of prioritising

society

lookouts or as a future

investment

. I think it is a positive development, the

reasons

for which will be mentioned in forthcoming paragraphs. Certainly, there are plenty of

reasons

for the pressure of owning a

house

instead

of renting it. First and foremost is giving importance to

society

's comments. To elaborate,

people

are worried about the ranking of their family in

society

, and whether they will be considered poor if they rent a

house

.

For example

, in my country,

people

are more concerned about what

society

would say above their own beliefs. Another reason for

this

unusual trend is future-proofing the family through real estate possessions. In simple words,

people

see it as an

investment

to buy a

house

as compared to paying rent. There are a plethora of

reasons

why it is a positive development. The predominant being that they will great huge returns for their

investment

in future if they ever intend to sell it. The reason behind it is owning a property is considered one of the safest investments with huge returns in my nation.

For instance

, my grandfather bought a property in Ahmedabad, which is worth more than 50 lac rupees in today's time which he bought for 20 thousand rupees.

Moreover

, it will be proof of safety as an individual may be kicked at any time by the landlord ,

however

, owning it would be securing that disadvantage. To give an example, Mumbai is a city which is believed to give you employment opportunities but it is a daunting task to find housing, and in

such

scenarios safety of ownership is a primary need for

people

residing there. In conclusion, a few

reasons

such

as

society

's viewpoint and

investment

towards a better future can lead to the popularity of owning a

house

over renting it, which comes with a bunch of advantages.

Hence

, in my opinion, it will be a wise choice to buy a

house

for umpteen

reasons

.