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

.