In some countries, owning a home rather than renting one is very important for people. Why is this the case? Do you think this is a positive or negative situation?

People
in some countries now consider owning a
home
to be more important than renting one.
This
essay will discuss the underlying reasons for
this
preference and elaborate on why it is a negative development. There are two main reasons for
people
’s preference for homeownership.
First
, for some
people
, owning a house or an apartment means that they do not have to waste time on accommodation hunting when a rental contract expires.
Therefore
, they can just focus on their career goals or other important things,
such
as marriage.
Second
, nowadays many
people
buy a
home
with a mortgage, and so they know the exact amount of money they owe and
also
the regular amount they have to pay.
This
allows
people
to make a clear long-term financial plan for the future.
However
,
this
is not the case when they rent a
home
because they are subject to changes in the rental price made by landlords. The trend that many
people
value homeownership over rented accommodation is negative due to the following reasons. Most houses or apartments have low liquidity, which means they cannot be easily exchanged for cash.
As a result
,
people
who are still redeeming their mortgages may not be able to spend money on other big investments.
In addition
, while a tenant can easily terminate a rental contract and find a new place if they are not satisfied with their current accommodation, it is very difficult for homeowners to do the same.
In other words
, once a person makes an unwise decision and buys a
home
that they later regret, they are usually left with only two options: either make the
home
available for rent or accept living in a place they are not happy with. In conclusion,
people
in some countries now prefer to buy their homes because they value the stability that owning a
home
provides and want to have clear future plans.
However
, unless thorough considerations are made,
home owners
Correct your spelling
homeowners
show examples
may have to face undesirable outcomes from
such
a decision
Submitted by latikarohara29 on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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