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?

Nowadays, there are a couple of countries where their residents believe that having their own

house

is superior to renting an apartment.

This

essay will explain the reason and provide the writer's personal opinion regardless of

this

situation.

First,

living in an owned residence is far cheaper than renting a household.

That is

why

people

prefer to rent a living place.

This

leads back to the fact that a large portion of these nations is coming from low-income populations, but the natural resources are abundant and their basic necessities aren't expensive.

Such

as in Indonesia.

Therefore

, it is still affordable to save their monthly earnings to build a home.

Besides

, if

people

pay rent regularly, there’ll be rising prices

due to

the expected flow of money in the future. In the end, the sum of necessary money is way bigger than those who build their homes.

Secondly

, in my opinion,

this

situation is not bad at all. Because

this

system works for them and there is equal access to afford a living place for everyone.

Moreover

, the number of homeless

people

there is manageable. On top of that, there are

also

other options to live as long as an individual can’t afford to buy a place.

For example

, staying at parents' or relatives' houses or renting a cheap

house

with friends.

This

statement aligns with the research result done at the University of Indonesia, that most

house

owners in Indonesia have an experience of staying with their parents and renting cheap houses for a short period of time.

Finally

, the conclusion is that low prices drive a huge part in why

people

prefer buying their

house

.

Also

,

according to

my personal view,

this

situation is positive and beneficial for them.