investment IN A PROPERTY
Owning or renting a house is not only the decision of investment or choice of living style, but more involved with social psychology. Young people discuss this topic day by day, year by year when they are in the door of getting married or in the pressure of adult life. In some countries, mostly in Asia, residents are more inclined to own a house than renting one. This situation can be explained in 3 main reasons from my point of view.
The world we live in now is full of the pressure of being successful. After decades, the words "I am gifted. So are you!" become a nightmare for the youth rather than an encouragement. Not all of us can be as talented as others with this kind of autosuggestion. But the extreme expectations of parents, especially Asia, on their children somehow lead to a stressful generation, who is living by social standards. One of those popular criteria to figure out a successful man is possessing a home. This implies a person has a high-salary stable job, money earning capability and of course, he is appreciated as gifted!
Another insight of owning a home is the feeling of stability. Many people at the age of 25 - 35, who are in the process of purchasing an apartment or a house, confess that after years of experience changing accommodations, they desire to settle down at a place to avoid the remarkable drawback when renting one is the anxiety of moving when the contract expired.
Moreover, satisfied emotion must be mentioned as a significant explanation why possessing a home is the majority's preference. As I mentioned in the second paragraph, social standard also forms a perception of happiness and success through owning property. A house is in the same figure of expensive stuff, which can bring human temporarily feeling of satisfy when obtained a target in life.
Cannot come to conclusion whether putting effort into owning a home is negative or positive. But I stand by the notion that aiming to accumulate as much property as possible is a way of challenging our ability and ensuring our future.