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? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

It is true that for the working class in some countries, possessing the title deed of a real estate is reckoned as a more preferable option comparing with paying for the lease. This essay aims to provide latent reasons for such belief, and indicates that negative outcomes can be associated with high housing value people imposed.

The major reason why purchasing a permanent accommodation is a vital path in many countries is that resources distribution can be directly linked with the house bought. Take education allocation for instances. If a country is now operating in an education enrollment where students are required to attend schools within the district or neighborhood of the housing contract, then buying a home can pay the owner the warrant to access to renowned education resources in return. Apart from resources, an individual’s desire towards settlement also emphasizes the significance of owning a home. It is rooted in the culture of many Asian countries, a man home is where to rest his soul. What renting house can never replace the is the sense of belonging from the housing deed which does not expire and represents an ultimate autonomy.

However, a further evolution in housing rush would not benefit people in general. For one thing, a dwelling consumption out of the need of an individual or a household is only contributing to the proliferating housing price, and shortening the opportunity for the ones who are in the authentic need of residence. For another thing, all time pressure were the mortgages that burdens generations of wage-earner, squeezing out their skinny wallet and exploiting their living standard. At this moment, cheaper rent would enfranchise people from being the mortgage slave. Therefore, housing rush demonstrates a long term tendency with a negative impact.

In conclusion, for the advantages and resources bound with housing deed, buying a real estate is essential for many young people. In my point view, this situation would result in a prolonged detriment to the quality of majority’s life.