Question: In some countries, owning a home rather than renting one is very important for people.
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In several countries across the globe, individuals prefer to own an accommodation, and buying a house takes priority over renting one. The origins of this phenomenon seem to stem from several reasons, while I personally believe that this situation can be negative and its disadvantages outweigh the advantages. In this essay, I will discuss the reasons and explain my point of view.
On of the primary reasons that contribute to this trend arises from the human nature that is such that it typically intends to belong somewhere and make it its own. This means that the majority of people prioritize the ownership of an accommodation because the likelihood of losing it can reduce and it may allow them to live a more stable life. For instance, those who rent an apartment require to extend their contract or seek for another place after one year. Moreover, some people consider their own habitation as a reliable wealth; when they face financial challenges in their lives, they can sell it and utilize the money to resolve financial issues.
Although in the vast number of countries, the preference of buying a house has been significantly increased in recent years, I believe that this trend has more drawback. Firstly, if the demands for buying a house increase, the price of housing can raise significantly; therefore, some individuals who lack money, may suffer from this situation. In addition, renting apartments or houses is the source of income for the owners of them, and a decrease in demands for renting an accommodation can lead them to financial challenges, making huge gaps in society.
In conclusion, owning a house or an apartment plays a significant role in people's lives, in some countries. Several reasons contribute to it, though I consider it as a negative situation in society.
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In several countries across the globe, individuals prefer to own an accommodation, and buying a house takes priority over renting one. The origins of this phenomenon seem to stem from several reasons, while I personally believe that this situation can be negative and its disadvantages outweigh the advantages. In this essay, I will discuss the reasons and explain my point of view.
On of the primary reasons that contribute to this trend arises from the human nature that is such that it typically intends to belong somewhere and make it its own. This means that the majority of people prioritize the ownership of an accommodation because the likelihood of losing it can reduce and it may allow them to live a more stable life. For instance, those who rent an apartment require to extend their contract or seek for another place after one year. Moreover, some people consider their own habitation as a reliable wealth; when they face financial challenges in their lives, they can sell it and utilize the money to resolve financial issues.
Although in the vast number of countries, the preference of buying a house has been significantly increased in recent years, I believe that this trend has more drawback. Firstly, if the demands for buying a house increase, the price of housing can raise significantly; therefore, some individuals who lack money, may suffer from this situation. In addition, renting apartments or houses is the source of income for the owners of them, and a decrease in demands for renting an accommodation can lead them to financial challenges, making huge gaps in society.
In conclusion, owning a house or an apartment plays a significant role in people's lives, in some countries. Several reasons contribute to it, though I consider it as a negative situation in society.