In some countries, owning a home rather than renting one is very important for people. Why might the reasons for it? Do you think this is a positive or negative situation?

Nowadays, in many areas having a home is more necessary and prestigious than renting it.

This

might include many reasons,

such

as family traditions, the main goal of wealth, and other similar things.

However

, I totally think

this

is a negative tendency and can lead to many financial issues in the future.

To begin

with, many individuals try to buy a

house

because of the impressing of their family members or friends.

Firstly

, buying a

house

is a traditional custom for many families, and the man who does not have one is going to be considered a less competitive individual not able to provide anything for his family.

For instance

, research made by Harvard University in Boston provided that the first destination of their students in life is buying a

house

, and it is a very critical tendency for the young generation.

Secondly

, people usually feel embarrassed in someone else's

house

, and afraid to break or deteriorate the

house

they live in, especially if they live with children, who love to draw something on walls or crack something. By

this

, it is more convenient to own a property than to rent it.

On the other hand

, despite the comfort and community impressions, buying a

house

when citizens are not able to afford it is not the best choice.

For example

,

according to

bank statistics, 5/6 of customers use long-term mortgages and pay for their

house

for the rest of their lives,

subsequently

, giving half of their salary to the bank and drowning their economic situation to a deep hole.

As a result

, when financial instability or crisis occurs, Occupants commit a crime to pay the loan and find money,

consequently

directing lives to prison.

To conclude

, purchasing an estate is a good choice and provides many opportunities for families, but society should be conscious and let it to more issues.In some countries, owning a home rather than renting one is very important for people.