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 situation?

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Shelter is an essential need for humans.
While
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some
people
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live in their own
houses
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, others are able to cater for their shelter needs by staying in
houses
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where they pay rent.
This
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has increased the importance of
house
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-owning in a number of nations. I think
this
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is beneficial
due to
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some reasons which will be outlined in
this
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essay. Having a
house
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of your own is a form of investment. Most
people
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require utilizing their funds in advantageous ways so as to create wealth for themselves.
Therefore
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, if they are able to eliminate paying rent, the money can be channelled into other things and,
in
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on
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some occasions may generate income for them.
For example
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,
houses
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that are rented are owned by
people
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and
this
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brings in income for the landlords.
This
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would not have been possible if they did not own the
house
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.
Additionally
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,
people
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who own their homes have the freedom of decorating their
houses
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the way they see fit unlike individuals in rented apartments, as there may be restrictions from the
house
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owners.
For instance
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, a family who owns their home may decide to repaint it without fear of violating the restrictions which may be present in rented
houses
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.
Hence
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, the advantage of owning their
house
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.
To conclude
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, owning a
house
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has its own benefits when compared to renting. These benefits come in the form of freedom of expression and income generation for the owners.

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Word Count

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