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?

It is commonly seen on a worldwide scale that the possession of a permanent accommodation is more favourable among many individuals compared to a temporary one.

This

phenomenon is attributable to a host of reasons and I hold a belief that it is advantageous to both society and well-being. On the one hand, there is a compelling rationale for why an increasing number of people want to own a

house

. They believe that

this

type of accommodation is customizable because changes made by owners won't make any annoyance to neighbours . Unlike them, individuals having to pay monthly rent can't have those features in a comfortable way, as their personal adjustments for their current living place not only need to have host permissions.

Therefore

, the convenience of owning a

house

is becoming an appealing feature for many individuals. The favourable decision to own a

house

,

on the other hand

, provides potential advantages for purchasers , it can play a role as a multipurpose investment.

While

the cost of a

house

is increasing over the period

due to

the high demand for possessing stabilized living place, leading many people having low-income need to rent to maintain their daily lives, the owners of their

house

if they possess other properties, can utilize their accommodations to provide a place for people to rent.

Therefore

, not only do they earn a sustainable amount of money, those financial gains can be used to

further

investment. In conclusion, the demand for convenient customization is blamed for the importance of having a permanent accommodation. It is more beneficial for the

house

owners when its roles have more financial gain potential.