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? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

It is like a dream come true for
people
to own a
house
.
However
, the increase in
house
rents and values at an alarming rate is making
people
feel terrible to buy a
house
. So, either it may be a positive
situation
or a negative
situation
depends upon the position a person is present in and
also
on the financial support he has. India is a diverse country where
people
living there are provided with vast opportunities to either own a
house
or to rent them.
For instance
, If there is a newly married couple who want to own an individual
house
for themselves, they have the chance to take a home loan which can be repaid in a certain time period. They
also
have the flexibility to choose the time period in which they need to repay the loan. Situations like these are positive as they are not only satisfying the needs of the
people
but are
also
providing convenient ways to reach them. Let us consider another country, which is Iran. In Iran,
people
who buy a
house
need to pay the total amount in cash at a single time. There are no home loan facilities provided in Iran. In
this
contemporary world, where the
house
rents and values are increasing rapidly, it becomes a negative
situation
for the
people
to afford a
house
in
such
a country. So, To conclude, it depends upon the opportunities and other financial factors that a person is present in which decides whether it is a positive
situation
or a negative one.
Submitted by nitin.chowdary4545 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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