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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?

Humankind has developed increasingly, especially in cultural and economic facets. Therefore, people in some countries were subconsciously ingrained that having a house gain more benefit than renting. However, in my own perspective, I think this trend may have a negative impact on our society. This essay aims to seek the causes and the nature of this trend.

To begin with, a thorough inspection of their desire reveals economic and social-classes pressure as a culprit. With the emergence of economic schemes which rapidly develop all over the globe, the economic pressure is much harsher, especially in a mega-metropolis where the price of real estate leaps and bounds constantly. Thus, owning a house where the rent money is the major income of the owners is the dream life of someone else. Not to mention, having your own house is considered to be a sign of wealth and pride in many cultures. For instance, in some Asian countries such as Viet Nam and China, people always teach their kids to have to diligent in both study and work so that they can buy a house in the future.

Secondly, I also believe that this tendency undoubtedly influences our society negatively. Some individuals suppose that this motivation incentivizes those people to work harder to make ends meet, while I would argue that this trend created chronic pressure for them, both physically and mentally. As the result, they might impose themselves under the enormous pressure of work and even go bankrupt because of the deficiency of financial-management ability. Not to mention, purchasing a house in a large city takes more than just hard work, especially in cities that its real estate value is greatly high. For example, the price of an apartment in any building on Times Square (New York) costs a fortune, meanwhile, the annual income of dwellers is nearly one-twentieth of that price.

To conclude, the desire for homeownership is not only derived from cultural factors but also associated with profit-oriented purposes in the long term. In consequence, it may contribute to put financial and mental pressure on purchasers as well as make the real estate’s price unexpectedly higher in general.