In some countries, owing a home rather than renting is very important. Why might this be the case? Do you think this is a positive or negative development?

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It is one of the most significant determinations in life to choose an accommodation for the future.In some countries, owning a
house
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is regarded as more important than renting for various reasons. I personally believe that
this
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is a positive development from the perspectives of security and finance. On one hand, those who purchase a
house
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gain a number of benefits as it provides an incredible sense of safety to the owners for long periods of time.
In other words
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, private properties which are often separated from other buildings with the wall and gardens dramatically reduce the rate of intrusion by strangers.
For example
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, protecting own safety is extremely crucial in some developing countries
such
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as Brazil and China where poverty is a serious national concern and the crime rates are relatively higher than in other countries.
Therefore
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, many
people
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choose to buy their own houses since living in a
house
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greatly lowers the chances of getting involved with some hideous crimes in daily life than renting an apartment where residents can hear the noises of neighbours easily.
On the other hand
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, in spite of owning a property increasing a sense of security,
people
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should be aware of the negative consequences of
this
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current trend
due to
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the overwhelming amount of financial investment usually required beforehand. Because houses are usually priced over a million dollars, many
people
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are not able to afford to purchase their own accommodation. Especially young
people
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often end up in serious debt and struggle to make ends meet.
Furthermore
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, they can not even pay essentials including food and educational fees.
As a result
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, there are many
people
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who often commit stealing and other criminal activities to obtain money immediately. In conclusion, owning a
house
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provides an immense sense of safety to residents as it is often surrounded by walls and trees and isolated from other buildings.
However
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, a financial crisis is more likely to occur among those who make
such
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a huge purchase than rent. Consumers need to make careful decisions so as not to regret them in the future.
Submitted by mizuho on

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