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.
Home is the most important for humans. Therefore, all people think of it very seriously. Many people in countries such as the US, and the majority of countries in Europe prefer renting homes while people in a country like South Korea prefer owning homes. I think this difference is related with cultures and governments' policies.
Korean people usually think that they have to save their money in 20s and 30s to buy their own homes at least before 40. They tend to feel uncomfortable living in houses which are not theirs. Because they always have been taught that they must have their own houses as soon as possible by their parents. Owning a home is really important for them, so their parents usually support them to have their own home when they get married.
In terms of governments' policies, welfare in Europe countries is much better than the one in Korea. European people can get paid pretty big money monthly from their governments so they can easily go abroad without financial problems and it leads to not buying a house because they can go wherever they want so they don't need to buy houses and settle if they don't want to. Whereas, Korean people cannot easily go abroad and live there with the money from the government. That's why Korean people buy houses.
However, in my opinion, buying your own home is positive because it's more comfortable than renting one. It is financially better as well. When you're retired or have no job, if you still rent a home, you'll have to pay for the home every month though you may be difficult to handle the rent fee.
To sum up, there are cultural differences and different welfare, so people prefer owning a home to renting one in some countries. However, I think it is positive because it could be more comfortable than living in a rental home and also I can get a long term financial advantage from it.