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 situation?

Having more assets than liabilities is certainly beneficial in today's competitive climate. The argument over whether owning a

house

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is an asset or a liability is heating up. Some feel that renting a

house

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would save them money,

while

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others believe that owning a

home

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has more

benefits

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. To my mind, if a person is astute, converting a

house

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from a liability to an asset may offer financial

benefits

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. Purchasing a

home

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rather than renting one has more

benefits

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than drawbacks. Among the

benefits

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is the long-term security that comes with owning a place to call

home

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. If you own a

house

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, you are not responsible for the monthly expenses associated with maintaining a roof over your head. Another advantage of owning a

home

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is the flexibility to design and decorate it as you want.

For instance

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, if you rent a property, you are restricted from making major changes to the layout,

while

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if you own the

home

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, you are free to make whatever changes you want at any time. Many people opt to rent in order to save money. They think that rather than investing a large amount of money in a

house

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, they can save the difference by paying less rent. There is no sense of security in

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arrangement since the landlord has the right to reject tenants at any time.

To conclude

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, I think it is better to invest once in a lifetime in building one's own

house

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in order to experience the sense of security that comes with it rather than live in continuous dread of losing one's property.