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

The

last

decades have witnessed an ever-increasing trend in buying a

house

in comparison with renting. In the popular perception, the vast majority of

individuals

affirm that owning a

house

is crucial. I largely concur that

this

is a positive development. Yet, it is worth ascertaining the underlying causes and the opposite

option

of

this

trend. First and foremost, it is evident that there are several reasons behind a decision to own a

house

. Being considered useful,

house

owners decided to buy a home as their way to invest. Owning assets is deemed to be profitable for long-term investments. Admittedly, certain

individuals

prefer to have ownership of the place where they live. It is undeniable that

this

enables them to decorate their

house

according to

their preference without restrictions.

Additionally

, in order to feel secure, certain people would decide to have possession of their own

house

. From another stance, it is worth pondering the alternatives to the outlined trend. Several

individuals

who opt for renting may find it more suitable to their lifestyle. Renting is deemed to be affordable, it is often the first

option

for certain

individuals

.

Furthermore

, it is undeniable that renting provides flexibility which could offer certain benefits for renters; these include the opportunity to explore different suburbs and try different types of homes. Viewed as a whole, it is axiomatic that owning a

house

provides numerous benefits, namely

assets

Change the noun form

asset

show examples

investments, a sense of ownership and security.

However

, it is notable that renting could be an alternative for those who opt for an affordable

option

. Ultimately,

individuals

should ponder which

option

would fit the most with their lifestyle.