In some countries owning a home rather than renting own is very important for people. What might be the cause? Do you think this is a positive or negative situation?

In recent times, most individuals stressed about possessing their own
house
instead
of renting.
Although
there are several reasons behind owning a
house
, they both have positivity and negativity. I personally believe that, though having
one
's own
house
has some challenges it provides a sense of financial security and independence. The following essay will identify the positive aspects and negative aspects of owning a
house
. To start with, especially in urban life, having
one
's own
house
is tough and there are several causes behind
this
issue.
For example
, the cost of building or buying
one
's own
house
requires a large amount of money which is very tough to earn in their whole life.
Therefore
, only those who have handsome salaries and savings can build or buy their own
houses
.
Furthermore
, a lot of maintenance is the necessity of having your own
house
and in that ,case it is the biggest responsibility of the owner.
For example
, a recent study demonstrates that approximately 60% of people do not like having their own
house
in New York City only because of the take care issues. To be honest, not everyone cannot bear that responsibility that's why it is not everyone's business of having own
house
.
Conversely
, having
one
's own
house
obviously has some positive sides. The primary reason is having
one
's own always provides financial independence because those who have their own
house
do not need to pay their rent. To add to it, there is no chance of shifting from
one
place to another if the rent raises.
Moreover
, the owner of the
house
always has the freedom of decorating their
house
according to
their choice and they can easily renovate it if they wish. Most importantly, having
one
's own
house
grants mental peace and security which has a great value. A recent study based at Yale University states that
,
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those who have their own
houses
live longer than those who do not have
houses
of their own.
Therefore
, Buiding or buying your own
house
is the first time priority of the city people now.
To conclude
, owning a
house
has both advantages and disadvantages
however
, the advantages never outweigh the disadvantages. People from the present times and future would be more interested in owning their own
houses
.
Submitted by rahman_rehana on

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