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Band 8

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?

#countries #home #people #be #case #situation
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In some nations,
people
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 prefer owning a
house
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 rather than renting
one
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. The reasons behind
such
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 an
investment
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 are a lot. In my opinion,
this
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 can either be a positive or a negative situation depending on the financial status of the family. To commence with, the reasons for
this
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 are a lot.
Firstly
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, in some countries, the charges for renting a
house
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 per year is higher than the charges to maintain and buy a
house
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. In
such
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 situations,
people
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 prefer to buy a
house
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 rather than rent
one
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.
For instance
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, in the USA
house
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 rents are expensive when compared to Germany.
Secondly
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, in a rented
house
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 the common utility area's restrictions are sometimes annoying ,
hence
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people
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 prefer own
house
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 over a rented
one
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.
In addition
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, some
people
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 consider buying a new
house
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 as a financial
investment
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 .
Furthermore
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, if buying becomes a mandatory act, due to various reasons like government rule and an annoying
house
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 owner, it results in a personal financial crisis.
For example
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, if a family has a low income and the government has declared a drastic increase in the
house
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 rents
then
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 the family might become financially unstable.
Hence
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,
this
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 is a negative scenario for a family with a low income.
On the contrary
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, in a similar scenario, financially stable families opt to buy a
house
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 which is a positive situation for them.
Hence
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, owning a
house
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 can be a positive as-well-as a negative situation depending on the financial status of the populace. To conclude, the criteria behind
people
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 opting to buy a new
house
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 are
investment
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 purpose, annoying landlord etc.
Hence
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, in my opinion,
such
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 an
investment
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 is a negative scenario for poor families, whereas it is a positive
one
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 for elite families.
Submitted by suba2705.sk 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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