ABSTRACT
Home ownership has become a national obsession in the UK, and an overwhelming majority of young people want to buy their own home. The sense of independence when owning a home is important because it gives the reader a strong sense of control and freedom. The psychological and emotional benefits of owning a home are valued more than financial benefits. Homeownership, however, does not always confer positive benefits. Some academics argue that homeownership can trap households, particularly those from ethnic minority and lower-income backgrounds, in areas that they would rather leave. It also offers a simple and step-by-step manual to the house-buying process. Some companies are reassessing how they can use perks to attract top talent and are considering offering help in meeting housing costs, such as loans, subsidies or mortgage deals. It helps the people make informed decisions and gives them the tools and techniques to manage risks throughout the house-buying process.
