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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Nowadays, in several countries, people consider that being the owner of a house is an essential part of
one
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's life, rather than renting
one
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. The most notable factor contributing to
this
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fact would be that people want to invest their savings.
This
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investment has both positive and negative aspects,
therefore
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,
one
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should be aware of the possible consequences that may appear.
To begin
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with, real estate is an excellent way of investment in several countries. Some
accomodations
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accommodations
could possibly be a great source of income,
therefore
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, people prefer to invest their money in
this
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sector.
For instance
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, in recent years, real estate prices have risen
with
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by
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25 per cent compared to the
last
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decade.
On the other hand
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, purchasing a house could be a risky action.
That is
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, people have to take mortgages in order to buy the desired property.
Thus
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, having a home could possibly lead to great debts and a financial insecure lifestyle.
Moreover
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, the pressure of having to pay a substantial sum each month to the bank could be detrimental to
one
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's wellbeing. In conclusion, economic issues may be
one
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of the major reasons people choose to invest in a property along with the benefits of having a place of their own.
In other words
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, individuals are financially motivated to buy their own house, even if
this
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may have undesirable effects on their lifestyle.
Submitted by cerasela.balanescu 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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