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?

Jan

29

2021

In various countries, it is felt important that people own a house rather than use a rented one. I believe this is important due to rising cost of rented house and cost savings as a result of shifting house frequently.
Although using a rented house provides convenience of staying in the area according to varying preference, the rising prices of the rented house is the major pitfall. Renting out a house is a famous business these days and people who do not own a house have to bear the large cost associated with it. To illustrate this, landlords charge high amount of rent and also demand advance rent of several months as a security at the time of house agreement. Moreover, house rent is compounded annually as long as the tenants are staying. Hence, staying in a rented house is costly due to increased financial burden.
Similarly, owning a house is a positive situation, as it also saves a lot of money in shifting house again and again. Living in a rented house means that a need to change house may arise anytime, according to the will of the landlord. Also, shifting a house is not a piece of cake as it requires packing of all household goods and arranging appropraite transportation to shift goods to the new house. Furthermore, various household goods are damaged due to mishandling during shifting. Thus, shifting a house causes extra cost to be borne.
That is why, I believe this is a positive thing to own a house as compared to living in a rented house, other than its high cost.

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