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

Home ownership

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Homeownership

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is more valuable to people in some countries

instead

of renting it.

This

is

due to

the fact that it provides financial stability and

hassle free

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hassle-free

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life to them. I firmly believe

,

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apply

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this

is beneficial to an individual, despite the fact that there are some

inconviniences

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inconveniences

to owning a

house

. Renting a

house

can be a financial burden sometimes. In numerous countries, the

rent

of a home can be very high. A significant portion of income usually goes to housing.

However

, if someone

buy

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buys

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that very same

house

on

mortgage

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a mortgage

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, the monthly payment can be in

Correct article usage

the simillar

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simillar

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similar

range

of

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to

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the

rent

, if not less.

For instance

, in Florida, the average mortgage

of

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apply

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is 3% lower than

rent

for a decent

middle class

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middle-class

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house

.

This

way money can be allocated in ways to improve the living standard

as well as

build an asset. Buying a

house

can be a very important step for the

well being

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well-being

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of a family. A

house

is basically an asset that can be valued

upto

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up

in

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to

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millions. In an emergency or

incase

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in case

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of purchasing another property, it can be sold

in

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at

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good

Correct article usage

a good

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price.

For example

, it is a common practice in America to buy an apartment at an early age, which is

then

sold to move into a big

house

when they form a family. Another way home ownership can be rewarding is in time of retirement. When a person

retire

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retires

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, it is very difficult to keep

providing

Verb problem

paying

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rent

. It can risk

loosing

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losing

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a place to stay.

In a

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A

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study by

Herverd

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Harvard

University

it

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apply

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says, 9% of

retiere

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retirees

become homeless and live on the street.

To conclude

, ownership of a place to live is extremely important, as it provides financial security. I believe it is better than renting a

house

, as it builds up wealth

as well as

allows a

peacefull

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peaceful

mind.