In some countries owning a home rather than renting one is considered very important. Why might this be the case? Is this a positive or negative development?

In some countries, several
people
would like to have their own
place
rather than
living
Wrong verb form
live
show examples
in a rental
home
.
This
tendency might be attributed to the country's economic situation, and I believe
this
trend has benefits for its citizens. Some countries suffer from inflation consequences and economic recession, and
people
would believe that buying their own
place
is highly beneficial for them.
This
is to say, having a
home
is considered to be a specious item and individual affluence. The condition of these areas, lead to nationals taking out a mortgage from banks and paying the instalments
instead
of throwing out money for a rental house monthly.
However
, In
this
area, the cost of the rental
home
frequently will change and
people
are compelled to compromise with their landlord, giving rise to increasing the
home
deposit and tenancy price
otherwise
the tenant have to leave the
home
.
As a result
,
people
are willing to own their living
place
. From my point of view, buying their own
place
is a positive act.
Firstly
, having a rental
home
that means if
people
could not reach a unanimous agreement, they are more likely to leave their current
home
and find out another
place
.
This
act would not be a cost-effective approach because finding an affordable
home
is time-consuming and
people
sometimes need to change their workplace in order to become near to their new
home
.
Secondly
, rising inflation regularly causes a price growth in rental houses, and low-incoming
people
would be unable to pay it off. In conclusion, owning a
home
is depended on the country's economic situation, and is a positive practice
due to
the fact that folks could save money and provide themselves with a safe and convenient
place
without bearing anxiety and stress about finding a new rental
home
.
Submitted by nazikhatamian on

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