Nowadays, owning a house had became a ultimate goal for some people. Most of the people save their money to get their own home, not renting one. It might seem like a normal situation but I think it’s causing a lot of bad effects.
First, houses get more expensive than usual. As people buy a house, its price increases naturally. The owners of the house would want their property to get expensive and valuable. And if they sell their houses, they’ll try to sell it in higher price than they bought. So they can earn money just by buying and selling a house. For example, in Korea the price of house is currently a big issue. It has increased for more than 50% than it’s usual price in 5 years. The owners of the houses wants their house to be more expensive that they can earn money if they sell their house in future, and people can think that they are rich since they are living in expensive house.
Second, getting a rent gets difficult.The increased price of house directly affects the rent of houses. Since people had paid a lot for their houses, they want to get more money in renting houses. So rent fees getting expensive as well as owning a house. People who really need a house, a shelter, would not be able to afford it.
I think it’s all because of people’s greed. As people want more properties to own, and more money to get, it will make the situation worse. House should only remain as a shelter not somewhere people should pour all their money. I think it’s a negative situation that owning a home rather than renting one is very important for people.