The ownership of a house has a paramount importance than renting one in some cities. This essay will discuss the causes behind this trend and I believe it has more drawbacks.
People who support this idea claim that owning a home may be more beneficial on the long-term. This is because people consider buying a house give them a feeling of security as you do not have to worry about relocating from one place to another. Furthermore, purchasing a house might be a cheaper option on the long-term since people spend a considerable amount of money on renting one.
However, owning a home may cause a restriction of freedom. This is to say, it prevents people from exploring different cultures and the chance of meeting new friends because people have to be in the same place entire their lives and even some of them give their offspring their possessions including the house after their death. Moreover, if people invest in the money that used for buying a house, it will bring a lot of fourtine for them. Taking a loan from the bank or even burrowing money from other in order to buy a home may result in a person going to the jail because he can not afford to return this money. Hence, renting a home may be an outstanding experience for people to discover new culture norms and may be their investment allow them to become wealthy.
In conclusion, people prefer owning a house instead of renting one because they will feel more secured and less expensively on the long-term. While it may be a good phenomenon, it seems to me that it has negative consequences.