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?

Possessing a

home

has been becoming a more essential factor in

people

's lives in some parts of the world and the tendency of renting a house is decreasing day after day. There are several reasons that can lead to

this

trend including a sense of security and financial investment,

however

, I tend to believe having a

home

is a negative development for society in terms of the monetary pressure on

people

and losing good job opportunities. There are some reasons for a growing desire to own a house.

To begin

with,

people

who are the owners of their properties might feel a sense of security and stability.

In other words

, since landlords have more control over their houses they can establish a comfortable and stable living without any worry of rent payments.

Secondly

, having a

home

might be a profitable investment for homeowners in the long run. At present, the inflation rate has been soaring significantly, which might result in increasing the price of properties.

This

,

consequently

, might cause a pecuniary profit for the homeowners. I believe owning a house

instead

of renting it is a negative trend.

Firstly

, it puts a tremendous pecuniary burden on individuals' shoulders to spend all their budgets on buying homes. To illustrate,

this

trend limits their financial flexibility and increases the risk of default. Taking my personal life as an example, 10 years ago when our

home

was bought by my father, he was bankrupt

due to

the heavy mortgages taken by him and we had to sell our

home

at a lower price to save him.

Moreover

, By purchasing a

home

and settling in one neighbourhood,

people

might lose better career options, which are far from their homes.

For instance

, if

people

opt for buying one apartment in a specific city and living the rest of their life in that place, the good job offers proposed to them in a different city would be declined by them. In conclusion, nowadays having a

home

is a more crucial desire for many

people

, which is a result of several factors

such

as the feeling of stability and financial investment. In my opinion,

this

desire is a negative situation because of the heavy monetary burden on

people

to buy houses and decrease their career growth for them.