In some countries, owning a home rather than renting one is very important for people. why might this be the case? Do you think this is a positive or negative situation?

After a busy day,

home

is the most comfortable place, where we take refuge there. Regardless of governmental and residential policies, economic status determines whether to buy or rent a house. People prefer to buy a house since it gives them freedom.

In addition

,

home

purchasing has financial benefits and provides stability. Owning a

home

offers freedom. Renters are subject to the landlord’s rules and restrictions. Meanwhile, owners are free on what they can do with the property. They can increase the

home

value by adding new options and features. But, renters are tied to the property and generally are not allowed to make any modifications.

Also

, buying a

home

has financial benefits in the long term.

Although

mortgage costs overtake rental costs, after years, the property generates benefits.

Home

net worth increases annually, as the inflation rate adds value to estates. When prices are rising continuously, the earlier

home

is purchased, the cheaper it is.

Also

, owning a

home

provides stability. Owners can stay in one place as long as they want and are not under the whims of landlords. As owners live for a long time in a particular

neighborhood

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neighbourhood

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, they become familiar with places and

neighbors

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neighbours

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. A friend of mine has to move to different homes annually. She always complains about strange people and unfamiliar places bring a sense of instability.

According to

the country's status, people decide whether to buy or rent a house. Owning a

home

has many advantages and is considered a positive situation since it is affordable and brings stability. I hope every renter can afford to buy a comfortable

home

.