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?

Many people consider possessing a dweller is more paramount than leasing a
house
in some countries. The main reason for
this
trend is that they want to save the expense of renting a home, which leads to a positive situation,
such
as building a better future for their children. Owning a
house
is the best way to avoid wasting money on a home lease. Leases' prices are relatively increasing due to economic factors,
such
as high inflation and demand rates.
This
ongoing increase has stimulated people to save their income or take a loan to buy their dream
house
. The Sunday Times recently reported that 85% of citizens could save 45% of their salary after the purchase of their home.
As a result
, it provides more financial freedom because individuals are no longer obligated to pay their rent
house
at the end of each month. Having any type of residential place is more advantageous than leasing it because it creates a better future for their families. Not only does buying an apartment or a villa provides a doorway to a better life, but
also
it prepares them to take proactive measures against the worst scenarios,
such
as losing a job or financial crises. A study made by Oxford University found that employees who lost their job due to financial
crise
Correct your spelling
crises
crisis
in 2008 were less affected by that situation because they had their own
house
. In conclusion, in some part of the world, owning a
house
has been regarded as a merit for affording the cost of living by getting rid of the rent expense.
This
situation has brought a positive outcome for residents because it helps them to withstand the upcoming events.
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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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