owninig a house or renting a house is better

Being an owner of the house or being a tenant has become a controversy. Owning a house although is an exorbitantly costly exercise for many, the sense of stability is significantly important to people. On the other hand, renting seems to be the easiest way which has less responsibility and less extra expenses. In my opinion, however, I believe that having a home is a positive development. To begin with, the pride of ownership of a house is an indication of a wealthy person in society. As such, they tend to chase after the dream of fulfillment for which a considerable amount of money is required or apply for a mortgage loan to be supported with the purchase or construction. . Upon construction or purchase, a valuable asset is owned by the person who invested because the said property will be twice as much as the value in the future which enables the owner to convert it for liquid money at the time of an emergency circumstance. On flipside of renting a house is the loss of self-confidence as all the citizens of a society cannot afford to build a house, they compel renting even though many problematic issues generally arise between landlords and the tenants such as raising monthly rent by unexpected values, and delayed in getting repairs. Apart from that, some residents have been thoroughly restricted to consume spicy foods in their rooms other than the dining area or spicy cooking is banned in rented houses, especially in Canada. . To conclude, in spite of spending huge proportionate of income as monthly rental, it would have been better to having built even a part of owned building to live peacefully and independently even if paying taxes to the government which one must have the self-confidence and satisfaction,