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?

It is believed that purchasing a home is essential for the elderly especially in developed countries. Owning a home will be a great choice to stay in rather than renting it
such
as a condominium;
however
, it has both benefits and drawbacks and depends on each situation.
To begin
with, living in a house is suitable for a person who wants to stay with family.
People
can choose options to design their houses that have more areas than renting residences.
On the other hand
, renting accommodations has been fixed for its internal design and is too small to live with other
people
. It is a good option to live individuals
for example
workers.
Moreover
, ageing
people
and children prefer to live in a place located in a healthy environment that brings healthy mental and positive emotions. For children, location and spaces are crucially important to develop the mind in their ages.
On the contrary
, buying a residence for themselves will cause an economical effect on the budget because it needs the amount of money to pay for a house and decorating.
People
have to spend long periods to collect and manage with a home that they wanted.
In contrast
, rent is paid monthly from their salary. So, it will not require a large chunk of money
initially
which is not always available with buyers. To sum up, owning residences have more advantages than disadvantages. It causes a high quality of well-being for all members of families which is valuable to purchase.
Submitted by noprada23 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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