Own Your Own Home Day

Being the owner of your own home is a great happiness. Gathering a huge family at a large table and celebrating occasions—isn’t that a joy? Many people dream of furnishing rooms to their liking, walking in the garden, or simply enjoying the silence on the terrace. However, some moments may stop a person from deciding to buy a house. The unusual holiday Own Your Own Home Day is founded not only for homeowners but also for those who are planning to buy real estate.

History

Ancient people, who lived more than 15 million years ago, were already homeowners. They owned ordinary caves, even if they were temporary dwellings. A little later, when people began to lead a sedentary lifestyle, they started to build houses. The struggle for territory between tribes forced people to protect their homes and families.

For a long time, being a homeowner was considered a privilege available only to wealthy aristocrats, slave traders, merchants, and royalty. Only with the expansion of the banking system did many ordinary workers gain the opportunity to take out loans and purchase real estate.

Own Your Own Home Day appeared not so long ago. The first proposals to celebrate such a holiday appeared on social networks. The public responded with joy to the idea, and soon the celebration was recognized not only in the United States but throughout the world.

Interesting facts

• The first mortgage loans began to be issued in the United States after 1860.
• By the middle of the 20th century, more than 50% of Americans owned their own houses and apartments.

The term “mortgage” originated in ancient Greece. In the 6th century BC, creditors installed a pole on the border of the land, which was collateral for the debt. If the money was not returned, the land was taken to pay off the loan. It was inscribed with the term “hypotheke.”

How to celebrate

The best way to celebrate Own Your Own Home Day is to coincide with the purchase of real estate on January 21.

Owners can arrange a fun party, gathering friends and relatives. Weather permitting, it’s a good idea to have a barbecue in the backyard.

It will be very informative to learn more about the history of the house. This is especially true for old mansions or to inquire about the origin of the name of the street on which the property is located.

When is Own Your Own Home Day in 2025?

Own Your Own Home Day is observed on January 21 each year.

Observations