In some countries, owning a home rather than renting one is very important for people. Why might this be the case ? Do you think this a positive or negative situation ?

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Selecting a place to live in is a big decision to make. In some parts of the world, people value for their own accommodation because it is a sense of achievement rather than renting which could not save money. From my perspective, house ownership is a natural human desire.
To begin
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with, many individuals seek to own their personal house where they could live with peace of mind.
Although
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they may struggle and face hardships to acquire it, but many people have a desire to have their own residence rather than renting. In many Western countries,
for instance
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, people mortgage and take bank loans to purchase houses. Whereas, a tenant not only have to abide the landlord's rules and regulations, but
also
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have no privilege to renovate according to his need.
Thus
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, it is imperative to owe residency where one can live peacefully without the intervention of others.
Nonetheless
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, I believe that owning a home has many positive aspects
such
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as it gives freedom, an individual does not bind to any rules and he has the opportunity to renovate frequently. Taking myself as an example, when I was living in Auburn, Sydney, I cannot even move a sofa set to another room from the drawing room, though personal accommodation is necessary to thrive in a society.
Furthermore
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, the sense of satisfaction can be felt in own shelter, while living as a tenant one could not be satisfied because he has to follow strict regulations. So, having personal accommodation will make you feel more relaxed.
Hence
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, owning a home gives a sense of satisfaction and fulfilment. To sum up, a place to live is truly depend on the dwellers either if they live as a tenant or having his own flat.
However
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, renting could not save finances while home ownership can save money in the longer perspective.
Submitted by amjad khan on

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Topic Vocabulary:
  • ownership
  • renting
  • importance
  • sense of security
  • stability
  • financial investment
  • asset
  • customize
  • decorate
  • belonging
  • community
  • potential
  • future generations
  • long-term
  • cost advantage
  • control
  • living space
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