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In some countries, it is crucial to purchase a home rather than rent it. This is because buying a home in some countries is a sign of success and is a long-term financial investment. I contend this is a positive situation due to some compelling reasons that I will mention in this essay.
To begin with, there are several reasons why being a homeowner is important in some nations. First of all, it can be a long-term financial investment and provide potential profits for people. That is to say, if people live in their own house, they will not pay annual rent, leading to financial security for them, especially when the property value increases. For example, some people purchase a house, and if it becomes more valuable, they can sell it and make a profit, resulting in a sense of success and belonging. Secondly, homeowners can modify their living spaces; they can design rebuilt them, which is often restricted in rental properties.
Moreover, I believe that trying to live as a homeowner can brings a positive circumstance. This is because, it will help people to try more in their livings. In other words, the more people try to buy a home, the more they attempt to work for earning money, making them improve their productivity and efficiency. For instance, if people prioritize purchasing a house, they will definitely attempt to save more money and tighten their belt, leading to raising their resilience, and capability.
In conclusion, in some countries, it is very essential for people to be a homeowner rather than renting one. Owning to having the potential benefits for residents. In addition, I firmly believe that this is a useful condition because it will make citizens have more endeavour which provide them with a sense of satisfaction.