In some countries, owning a home rather than renting one is very important for people

In some nations,
people
think it is very important to be a homeowner rather than a renter. I believe the primary cause of
this
phenomenon is that becoming a homeowner changes how a
person
's financial status is evaluated by others.
However
, it should be seen as a negative situation for homeowners since they may become less happy
as a result
of mortgage loans. Owning a
home
means a higher perceived financial status. Nowadays, house prices are extremely high, which means a
home
is not something someone in the lower middle class or working class can afford to buy.
That is
to say, if a
person
owns a
home
, others will think that
this
person
has a high­ paying job and is doing very well financially.
For example
, in China, many women will only consider marrying men who own their own homes because they think these men have enough money to provide a comfortable family life.
However
, I think purchasing a house or an apartment can make a
person
less happy. Many
people
have borrowed hundreds of thousands of dollars from their bank to buy a
home
. After paying their mortgage every month, they may not have much money left to spend on activities they enjoy,
such
as visiting another city and dining in a nice restaurant. In conclusion, the main reason why
home
ownership is important for
people
in some countries is that these
people
think it can increase their perceived financial standing.
Nevertheless
, it can lead to a decrease in happiness and as a
,
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result is a negative situation for them.
Submitted by jonahid.stu20ju on

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