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?

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