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?

In my region, most people prefer to be the apartment-owner rather than live renters. Investment in a property like a house is worth investment. Living in a rental residence may put an extra burden on life.

This

essay discusses the reason for

this

and why I believe it brings merits. Living in own home may decrease the money burden by minimizing the extra rental charges. Unlike other expenses,

this

added pressure of monthly expenditure may decline. Saving

this

money may help people to invest in other assets like buying property, cryptocurrency and other stuff that give long-term benefits.

Moreover

investing the money in the family home may

also

bring mental reconciliation and a sense of relaxation. It

also

enhances the emotional attachment to the building because many generations may spend their lives there. For instance, when I return from work that place gives me relaxing vibes and an emotional attachment to my place helps to vent out my negative energy.

Hence

,

this

is obvious that owning the home is a better option than renting it. In my opinion,

this

is a positive situation. Owning a shack not only gives shelter but

also

gives stability. On rainy days, one can save their life by resale it or using it. Having that investment in a time of inflation gives you the mental peace of having assets and security.

For example

in difficult times like lockdowns and pandemic situations, people who had assets may spend their lives in peace with family in a secure environment. That proves it’s the biggest element in financial stability and mental peace. Conclusively owning a building has more advantageous effects on our lives than renting an apartment

moreover

, It gives a sense of stability but it potentiates social cohesion and financial security.