Many people today value owning their own home over renting. In my opinion, this is part of a natural human desire for security and prestige but .
The source of this desire is a need for stability and respect. An individual who does not own their own home must pay rent to a landlord. This hangs over them and necessitates maintaining a job with a steady salary and balancing rent against other living expenses. Once a person owns their own home, they are then able to spend their money more freely and consider different employment without the fear of becoming homeless. Moreover, having a home lends an air of respectability. Only the wealthy a house and most homeowners take pride in the size and condition of their home as a sign of their social standing.
Nonetheless, home ownership is a negative trend as it millions. Most people live in and a house. The pressure to buy one is likely to engender feelings of inadequacy and resentment towards the upper classes. This famously fueled the sub-prime mortgage scandals of the early 2000s in the United States when millions borrowed more than they could afford to buy homes, then defaulted on their payments and lost a lifetime of investment. Had these same people opted to rent, they and could have invested in .
In conclusion, owning a home is innately desirable but in the end causes more harm than good due to the pressure it places on individuals. Many people have learned this lesson and home ownership may begin to decline in the future.