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In Some Countries Owning A Home Rather Than Renting One Is Considered More Important. Why might this be the case? Is this a positive or negative development?

In Some Countries Owning A Home Rather Than Renting One Is Considered More Important. Why might this be the case? Is this a positive or negative development? k2dR

It is undeniable that having an own house is more pleasurable rather than renting an apartment in the most developed countries. From my point of view, living in a self-owned home gives a feeling of stability and security, although we may face some unpleasant circumstances as well and it depends on several factors. There are many reasons why people fancy about owning a residence and I would like to emphasize the most significant aspects. Firstly, people do not have to worry about a monthly payment and hence, they will feel reliability and relief to spend the money for their own needs and wants. Secondly, an owner has the full freedom to modify a design of the house according to his own taste in order to make it cozy and comfortable. For instance, if you rent a flat most of the cases you do not have any authority to redecorate it and therefore, you may feel disappointed not having your own house. In addition, a majority may consider their home as an investment which has a long-term perspective and will bring considerable wealth for an owner in the future. It has also some negative sides of having property. The most substantial issue is that we are all aware of housing prices and it’s quite expensive, as a result, not everyone could afford it in terms of their budget. For people who have the sufficient amount of money and few liabilities, their house is an asset and it’s a positive situation for them. However, most of the middle-class families buy a big house which is often out of their budget. Therefore, they have to take a huge loan and end up repaying the amount over a very long time. In addition to this, they have to pay property taxes as well as the costs of the electricity and maintenance are also included to their expenses. To sum up, owning a home can bring a great deal of benefit for an owner in terms of an asset as well as the freedom if done within a budget. Nevertheless, it could turn into a negative situation when a person buys a home by getting a loan that is way beyond his repaying capacity.

It is undeniable that having an This phrase/word (depending on the context) can be potentially replaced with :possess
own
You use this word too often, consider replacing it withbuildingboxapartmentdwellingresidenceshack
house
 is more pleasurable rather
 than renting an apartment in the most This phrase/word (depending on the context) can be potentially replaced with :developed nationscountries with a strong economyindustrialized nation
developed countries
. From my point of view, living in a self-This phrase/word (depending on the context) can be potentially replaced with :possessed
owned
 home gives a feeling of stability and security, although we may face This phrase/word is too simple and can be replaced with:a number of
some
 unpleasant circumstances as well
 and it depends on several factors.

There are This phrase/word is too simple and can be replaced with:a plethora ofa number ofnumerous
many
 reasons why This phrase/word (depending on the context) can be potentially replaced with :individualsnationsociety
people
 fancy about owning a residence and I would like to emphasize the most significant aspects. Firstly
, This phrase/word (depending on the context) can be potentially replaced with :individualsnationsociety
people
 do not This phrase/word is too simple and can be replaced with:ought to
have to
 worry about a monthly payment and hence
, they will feel reliability and relief to spend the money for their This phrase/word (depending on the context) can be potentially replaced with :possess
own
 needs and wants. Secondly
, an owner has the full freedom to modify a design of the You use this word too often, consider replacing it withbuildingboxapartmentdwellingresidenceshack
house
 according to his This phrase/word (depending on the context) can be potentially replaced with :possess
own
 taste in order to This phrase/word (depending on the context) can be potentially replaced with :createconstructmanufactureproduce
make
 it cozy and comfortable. For instance
, if you rent a flat most of the cases you do not have any authority to redecorate it and therefore
, you may feel disappointed not having your This phrase/word (depending on the context) can be potentially replaced with :possess
own
You use this word too often, consider replacing it withbuildingboxapartmentdwellingresidenceshack
house
. In addition
, a majority may consider their home as an investment which has a long-term perspective and will bring considerable wealth for an owner in the future.

It has also
This phrase/word is too simple and can be replaced with:a number of
some
This phrase/word is too simple and can be replaced with:adverse
negative
 sides of having property. The most substantial issue is that we are all aware of housing prices and it’s quite expensive, as a result
, not everyone could afford it in terms of their budget. For This phrase/word (depending on the context) can be potentially replaced with :individualsnationsociety
people
 who have the sufficient amount of money and few liabilities, their You use this word too often, consider replacing it withbuildingboxapartmentdwellingresidenceshack
house
 is an asset and it’s a This phrase/word is too simple and can be replaced with:beneficial
positive
 situation for them. However
, most of the middle-This phrase/word (depending on the context) can be potentially replaced with :coursetraining
class
 families This phrase/word (depending on the context) can be potentially replaced with :purchase
buy
 a This phrase/word is too simple and can be replaced with:hugeenormousgiganticvast
big
You use this word too often, consider replacing it withbuildingboxapartmentdwellingresidenceshack
house
 which is This phrase/word is too simple and can be replaced with:frequently
often
 out of their budget. Therefore
, they This phrase/word is too simple and can be replaced with:ought to
have to
 take a huge loan and This phrase/word (depending on the context) can be potentially replaced with :expiration
end
 up repaying the amount over a This phrase/word is too simple and can be replaced with:extremelyimmenselysupremelysuperb
very
 long time. In addition
 to this, they This phrase/word is too simple and can be replaced with:ought to
have to
 pay property taxes as well
 as the costs of the electricity and maintenance are also
 included to their expenses.

To sum up, owning a home can bring a great deal of benefit for an owner in terms of an asset as well
 as the freedom if done within a budget. Nevertheless
, it could turn into a This phrase/word is too simple and can be replaced with:adverse
negative
 situation when a person This phrase/word (depending on the context) can be potentially replaced with :purchases
buys
 a home by getting a loan that is
 way beyond his repaying capacity. 