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.