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.
Submitted by gianlucadebonis96 on

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