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

In many countries, the idea of being economically independent goes hand in hand/glove with owning a house. Coming to your abode after a long day’s work gives you a sense of fulfilment. What cost does it come at? In

this

essay, I will delve into why

this

old heritage is still applicable and what downturn it might have on our lives. Owning land has always represented an important social status. It was associated with wealth and

well being

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well-being

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. It allowed you to organise

social

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a social

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gathering

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gatherings

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in order to make you a prominent element of the social class.

Furthermore

, it guaranteed banks and other people a possible return in case of a bad investment or in difficult times.

This

perspective has not changed much

during

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over

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the years. In fact, for many people investing in housing has still a huge meaning, and many of the previous factors still have the same importance.

Nonetheless

, investing a great amount of money in buying a house, rather than spending a little monthly rent might be quite risky. Nowadays,

due to

many social and political

factors

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,factors

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the rate of interest in mortgages has become higher than in the

last

10 years, and much more variable than it used to be.

Moreover

, it became quite hard to obtain a mortgage from a bank if you do not already own some property that will outweigh

their

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the

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risk.