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Many people in some countries prefer to buy their own house rather than the paying monthly payment fee for a home. This is because owning a house gives individuals comfort and relaxation as the fact that they possess a shelter for their family members or themselves. Moreover, the house is a valuable property that people can use as an extra budget asset for their life. This situation has a positive influence on individuals psychologically and financially. First of all, a house provides a safe place where people can take rest comfortably. Thus, it provides relaxation for people staying in the house, protecting themselves from threats. Renting a house requires regular payments that may lead to feeling pressure as individuals need to spend ambiguous money in order for their livings. For example, it is a cultural idea passed down in some countries such as South Korea; having a house is the best success in their lives therefore majorities save their wealth to buy their own house. This affects people to be hardworking and to use their finance wisely to approach their aim of owning their home. Furthermore, it has an opportunity to provide financial support if people rent their houses. It is an easy way to assist their budget as they collect monthly or annual payments from individuals who decide to rent their homes. Moreover, houses contain their economic value as properties are one of the great investments in many countries. Therefore, it is a positive situation for people who own their homes. In conclusion, people in various countries possess emotional, cultural, and financial reasons why they think of the importance of having their own houses. Therefore, fully owning a house is positively significant for an individual’s adequacy of their life. |