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 ?

Buying a
house
is the prefered choice than renting accommodation for living in some
countries
.
This
essay will describe the cause of
this
circumstance. I believe it is a positive situation because it creates a tangible asset to citizens.
To begin
with, the reason that people buy a
house
rather than renting is that a price of a
house
is affordable.
This
situation occurs only in the
countries
that accommodation prices relate to wages.
Moreover
, owning a
house
always be a better choice because it guarantees that one will have shelter even though the economic breakdown.
For example
, Hongkong is one of the
countries
which has the highest residential cost in the world. If their economy is disrupted and their real estate industry is a bubble. There will be many homeless in the country.
On the other hand
, a
house
is much cheaper in
Thailand
and many citizens already own the
house
. The economic bubble occurs in
Thailand
many times, still, the rate of homeless doesn't increase. Acknowledging that owning a
house
is important is a very good sign for a country. There are 3 main things that make individual life lives peacefully. They are enough food, having shelter, and having good health. If everyone gives importance to buying a
house
, a
government
can reduce capital to take care of the homeless.
In addition
,
this
money can go to other parts to develop the country. To illustrate, many farmers in rural areas of
Thailand
start to own their farmland and build a
house
on the land.
Although
the
government
of
Thailand
is bankrupt, these people still have a
house
to sleep
.
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Furthermore
, they still have crops, food, rice, and herb that they grow on their own land. In short, there can survive without any help from the
government
. To summarise, in many
countries
, owning a
house
is important compared to renting a
house
.
This
is because, in some
countries
, citizens can afford to buy a residence, whereas, in other
countries
, the
house
is too expensive.
This
is a good circumstance because it reduces a
government
workload to deal with
a
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the
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homeless and it makes people in societies live peacefully.
Submitted by ekkawin.v 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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