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 positive or negative situation?

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It is widely believed by some nations that purchasing an apartment is more valuable than renting a place for accommodation. The most conspicuous factor contributing to
this
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matter would be that it is a reliable investment in some areas.
Also
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, I find
this
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issue a beneficial practice to secure money.
To begin
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with, in some countries, real estate is a perfect form of investment.
That is
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, the value of accommodation areas are escalating at an alarming pace, which could provide owners with a considerable interest rate.
Therefore
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, they prefer to allocate their asset to
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sector to gain desirable profits. Take Iran,
for example
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; in the
first
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three months of the year, the average price of houses rose by 25
percent
Change the spelling
per cent
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.
this
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amount of profit could not be achieved in any other field.
On the other hand
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, in
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matter, demerits are overshadowed by merits.having a dwelling for your own is considered a positive approach to tackle the disastrous inflation that many countries are struggling with. To put it simply, due to
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economic crisis, many people have to increase the amount of rent or deposit to rent a place that they are living in at the moment.
Thus
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, possessing a home may be costly in the
first
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stage, but people can benefit from it in a long-term period.
Moreover
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, owning a box could be a relief for many people who are changing their rental residence on a regular basis and could significantly decrease the level of concern for the mentioned group. In conclusion, economic issues may be the justification that convinces people that having a home for their own is crucial.
This
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would serve as a financial point for people.
Submitted by alirezaa_ahmadii 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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