Some people prefer to own their home, while others like to rent a house. Discuss both views and give your opinion. Some people aspire to own their house, whereas others choose to rent their house. Since the decision of buying a house greatly depends on one's plans in life, both views hold true from their own standpoints. Personaly, I resonate with the former opinion because ownership of a house represents success and makes a good investment. People striving for owning a house believe it is a requirement for a happy family. Not only is it a status symbol for the family, but also it provides a sense of security. In addition, apart from being free from rental payment, owning a house is benefitial for financial purposes, for example, potential capital gains and lower tax rates. Therefore, buying a house suits well a typical advancement of life stages, including marriage, children and retirement. On the other hand, people who do not value the traditional significance of being a homeowner think houses are a risky investment. First, the value of a house can be decimated by a change of surrounding land use, damages from disasters, and innovations in the construction industry. Second, it will make people vulnerable to unexpected changes, such as unemployment. With a considerable mortgage, people have no choice but to continue working for a stable income. Similarly, it will restrict the freedom of where to live. People who prefer a nomadic lifestyle may dislike it. In the light of the points mentioned above, I think having a house is more desirable. It is a traditional practice to own a house and start a family, leading to a sense of accomplishment. Although it comes with a little uncertainty, several options are available to hedge the risk, such as insurance and an investment portfolio.