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 is a positive or negative situation?

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It has been seen that it is a tough call when it comes to select a place for living, especially when buying
one
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. The majority of the nations have suggested that their local people prefer to buy their own property for living
instead
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of renting
one
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, and it has become a trend now.
This
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essay will discuss why
this
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trend has become popular nowadays. I contend,
although
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it is expensive to purchase an own
house
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, still I would say we should welcome
this
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trend. To commence with, every individual has a desire to purchase his or her personal home where he or she could live peacefully.
This
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is because they work hard to purchase a
house
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, which will save their lot of money in the long term.
In other words
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, it can be said that it is just
one
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time of investment, which will definitely going to be double in few years; whereas, paying for rent would not give them any benefit and ultimately they will lose their money. To illustrate, the Canadian government has announced the "
First
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Home Buyer" scheme, in which
one
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gets some extra advantages when they buy their
first
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house
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,
such
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as a low-interest rate with the minimal down payment.
As a result
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, 96 percentages of Canadians have their own
house
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.
Hence
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, I would say other nations should introduce
such
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kind of programs to take forward
this
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movement.
Secondly
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, It gives them the freedom to do whatever they like to do in their personal home
such
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as renovation.
For instance
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, taking myself as an example, when I was a tenant in Toronto, I wanted to install a music system in the
house
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, but my landlord did not permit me to do that.
Furthermore
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, by having an own shelter, it gives the satisfaction of pride.
One
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feels relaxed and can enjoy a lavish lifestyle without any interference of the landlord or any rule.
Thus
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, having an own
house
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imparts ample of privilege, which we should consider as
one
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of the reasons for
this
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movement
Suggestion
move
. To conclude, eventually, it is a personal choice whether
one
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wants to rent a
house
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or buy
one
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;
however
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, I deem that renting could not save finances, while home ownership can save money in the longer perspective.
Submitted by Parth Patel 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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