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?

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

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