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?

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