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

In most nations, owning an apartment
instead
of renting one is very vital for the citizens. I think
this
is a positive situation. In many countries, having a
house
of your own is very necessary because it enables the citizens to save more money. Renting
Add an article
an
show examples
accommodation is very expensive and
people
tend to work all day to save for the monthly bill of their shelters. More so, when an individual owns a
house
he or she will be able to save more funds that can be channelled into other areas of their life.
For instance
, in 2019, a journal in England reported that citizens who bought a
house
advanced in career development and invest more than families who still live in a hired facilities.
Hence
, owning a residence will enable
people
to invest and grow in other aspects of life.
Furthermore
, having a permanent home is very vital because it can be used to access loans.
However
soft loans can be given to
people
who do not have landed properties, but over the years individuals with a valid document of property ownership can collect a huge amount of money from banks and other cooperation organizations.
In addition
,
house
owners are being prioritized in areas that concern
the
Correct article usage
apply
show examples
borrowing
the
Correct article usage
apply
show examples
large sums of cash.
For example
, in the United States of America, the majority of the students in college who wanted to have access to students welfare package needed to show evidence of homeownership from their parents which could serve as collateral.
Thus
, having accommodation can serve as a surety to help
people
secure gigantic funds. In conclusion, a permanent residence is very paramount as it helps
people
save more and
also
stands in as collateral.
Submitted by Emmanuelodachi on

Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.

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
What to do next:
Look at other essays: