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 a positive or negative situation ?

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The factors that drive
people
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towards owning a
house
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varies. Many
people
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across the world prefer to purchase their
house
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rather than rent it. I believe that
this
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choice exhibits positive development.
This
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essay will discuss
further
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details with respect to
this
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situation and substantiate my view. To commence with, having an owned
place
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provides a sense of security to an individual along with the family. Fluctuations in markets and continuous fear of recession might lead to unstable income, resulting in preventing individuals from attaining basic needs,
such
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as monthly rent, food and clothing.
For instance
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, if an individual has secured a
place
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for shelter, the remaining necessities to seek will be food and clothing which seems manageable.
In addition
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to
this
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, an individual is safeguarded from the expense of monthly rental which has shown a considerable increase in recent times.
Furthermore
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, another reason associated with opting for a personal
place
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is the continuous increase in terms of property value.
People
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consider
this
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as a form of investment
that is
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likely to grow over time.
Instead
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of paying a large sum of fares while leasing a
house
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, it sounds plausible to invest the budget in purchasing it and reaping its benefits.
For example
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,
people
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who have purchased a
place
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about a decade ago has seen the value raise up to ten folds.
Therefore
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, considered smart investment and value for money. To conclude, rather than using a
house
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temporarily while paying a huge amount with no return and a sense of security, it is better to
place
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the same budget into owning a home seems profitable.
Thus
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, results in providing a stable lifestyle for the public. I think that
this
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is a positive impact on the progress of a country.
Submitted by jabeenfarhana9 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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