In some countries, owning a home rather than renting one is very important for people.
Why might this be the case?
DO you thing this is a positive or negative situation?
With an ever increasing concern about comfortable housing, having their own home is more significant than renting one in some nations. This essay will explicit the reason why this case occurs and I believe this situation is negative to the society.
To begin with, the desire of human being is the matter pertaining to this matter. Considering that all animals, especially primates, need their own shelter for their survival in the natural environment, as one kind of the animals, human being desires to having their own home. This desire for housing is one of the rudimentary desires for living as much as eating and clothing, the key factor which make people feel comfortable and relax. Without sustainable residential places, people continuously have to move to find proper places to live and always feel anxious of cost of rent. Most of the population want to live in their own home without any concern about renting and moving to another places, this basic need of standard living make people buy their own house rather than renting one regardless of any cost of privatization.
Inspite of the reason mentioned above, the behavior to own a home leads to negative effects to the society. First of all, in terms of economy, the desire for having a house has caused a restrain the flow of money. In the Capitalism society in which people are addicted to material affluence, people want bigger and more luxurious houses, which a specter brings economic problems to the society. Even though people who cannot afford to buy their own house, some of the population are willing to use debts from banks with expecting the value of the house increases. With increasing use of mortgages, people have to give money back to banks, and the amount of money which can be used for another purpose are diminished, which means the economy would be suffered from the lack of the cash.
In conclusion, it seems that having own house is essential for better life to human being. Nevertheless, I believe that owning a home rather than renting one make negative impacts on the economy by restricting money flow in all part of economy.