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? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

It is like a dream come true for

people

to own a

house

.

However

, the increase in

house

rents and values at an alarming rate is making

people

feel terrible to buy a

house

. So, either it may be a positive

situation

or a negative

situation

depends upon the position a person is present in and

also

on the financial support he has.

India is a diverse country where

people

living there are provided with vast opportunities to either own a

house

or to rent them.

For instance

, If there is a newly married couple who want to own an individual

house

for themselves, they have the chance to take a home loan which can be repaid in a certain time period. They

also

have the flexibility to choose the time period in which they need to repay the loan. Situations like these are positive as they are not only satisfying the needs of the

people

but are

also

providing convenient ways to reach them.

Let us consider another country, which is Iran. In Iran,

people

who buy a

house

need to pay the total amount in cash at a single time. There are no home loan facilities provided in Iran. In

this

contemporary world, where the

house

rents and values are increasing rapidly, it becomes a negative

situation

for the

people

to afford a

house

in

such

a country.

So, To conclude, it depends upon the opportunities and other financial factors that a person is present in which decides whether it is a positive

situation

or a negative one.

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