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?

People
in some countries prefer buying their own
house
rather than renting a flat because they think it is very important.
This
essay will state two reasons that may cause
this
situation
and explain why
this
is a negative
situation
. There are two reasons
on
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why
people
prefer owning a
house
, Purchasing a
house
is a symbol of wealth, Many
people
like to show off by buying
houses
as
houses
are their property,
For instance
, many Asian countries require males to buy a flat as a wedding gift in order to show that he has the ability to take care of his wife and he is genuine to her.
Therefore
, many men think it is important to own a
house
in order to prove that they are wealthy.
In addition
, purchasing an apartment is a safe investment. The
price
of a flat is skyrocketing in these few decades, so unlike renting, buying a
house
can help
people
to build wealth in a quicker way.
This
investment has a very low risk because the
price
of a
house
rarely falls. So many
people
think getting a
house
is way better than renting one.
However
, there are two reasons why it is a negative
situation
.
Firstly
, it causes pressure for
people
. If
people
would like to buy a
house
, they will have to pay a lot for buying, furnishing and decorating. They may worry that
this
target is too difficult to achieve and
thus
causes pressure or anxiety.
Moreover
, the
price
of
houses
becomes higher because of the increasing demand. As
people
prefer buying a flat to renting it, the demand for
houses
is higher than the supply, which will
then
increase the
price
of them.
This
will seriously affect the housing market in the long term and make
people
in the future do more to buy
houses
.
As a result
, it is a negative
situation
for
the
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society. To conclude,
people
buy
houses
as investments and
also
to show off,
however
it may cause negative effects to the country.
Submitted by chloelwy3905 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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