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?

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

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