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?

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Nowadays, in many areas having a home is more necessary and prestigious than renting it.
This
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might include many reasons,
such
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as family traditions, the main goal of wealth, and other similar things.
However
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, I totally think
this
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is a negative tendency and can lead to many financial issues in the future.
To begin
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with, many individuals try to buy a
house
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because of the impressing of their family members or friends.
Firstly
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, buying a
house
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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
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, research made by Harvard University in Boston provided that the first destination of their students in life is buying a
house
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, and it is a very critical tendency for the young generation.
Secondly
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, people usually feel embarrassed in someone else's
house
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, and afraid to break or deteriorate the
house
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they live in, especially if they live with children, who love to draw something on walls or crack something. By
this
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, it is more convenient to own a property than to rent it.
On the other hand
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, despite the comfort and community impressions, buying a
house
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when citizens are not able to afford it is not the best choice.
For example
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,
according to
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bank statistics, 5/6 of customers use long-term mortgages and pay for their
house
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for the rest of their lives,
subsequently
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, giving half of their salary to the bank and drowning their economic situation to a deep hole.
As a result
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, when financial instability or crisis occurs, Occupants commit a crime to pay the loan and find money,
consequently
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directing lives to prison.
To conclude
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, 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.
Submitted by filwayy on

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