Your Answer ▼ There are some countries where people think owning home is very important rather than renting home. There could be several cases. I think especially it is really common case in South korea which I live in.
In korea, owning a home is really beneficial to house owner because the price of the house has risen gradually as time goes on. If you owning a home, you can earn money when you sell your house. Also you can save money because you don't need to pay for the rent. If you rent your home, you always have to pay for the rent every month. So renting a home is much more expensive than owning a home. It makes people prefer to own their home.
I believe this is a positive situation. It is because I think in people's life, the most important thing is having their own home. Having their own house makes people feel comfortable. Renting a home means there are uncertainty which makes people nervous. For example, In korea, people who rent a home often move out for every 2 years. Searching and browsing new home makes people exhausted. If you have your own home, you don't need to spend your time for searching new home.
Depending on several social circumstance, there are some countries owning a home is very important for people. In korea, because of financial benefits, people prefer to own their house. i think it is positive situation, it is because owning home makes people's life more stable. |