In some countries, owing 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 development.

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In certain part of the world, acquiring a self_owned
house
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instead
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of renting is more crucial .While the desire for stability and flexibility are the key reasons for
this
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trend,
however
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, I believe buying personal accommodation is a good development There are two reasons why
house
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ownership is considered is to be of high importance.
Firstly
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, owning a personal home gives a feeling of freedom. The individual is not bound to any rules and regulations and can renovate and decorate the
house
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at any time according to their needs and wants.
For instance
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, in the rented apartment I lived as an undergraduate ,the landlord didn't permit any of his occupants to change the design and colour of their
house
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to suit their own choice.
Secondly
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,
a
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apply
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self-owned accommodation provides a stable home for the family members.
That is
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there is no fear of being evicted by the landlord at any time due to the inability to pay the rental fee .
However
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, buying one's home is a positive development because is a symbol of social status.
This
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makes an individual be well recognized in society and
also
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add to the owners' prestige.
In addition
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, possessing a
house
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is a form of investment.
This
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is because the
house
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tends to appreciate in value in future.
For instance
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, in the united kingdom, rent fee increases by 4 per cent annually . In conclusion, buying a self-owned property
instead
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of renting is very essential in some nations.While the desire to enjoy permanence and being able to desire in one's property
are
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is
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the main reasons for
this
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.I believe
this
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is a positive situation as
this
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will make an individual invest in the future.

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Topic Vocabulary:
  • Homeownership
  • Property ladder
  • Real estate
  • Mortgage
  • Equity
  • Inflation hedge
  • Stability
  • Long-term investment
  • Asset
  • Liability
  • Housing market
  • Tenure
  • Down payment
  • Property taxes
  • Maintenance costs
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