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?

These days, choosing
accomodation
Correct your spelling
accommodation
has always been a tricky question for many
people
around the world. In some countries, it seems very crucial for
people
to possess a home rather than hire an apartment. In my opinion, there may be several reasons behind
this
trend and whether
this
is a positive or negative situation depends on many different factors. There is a sense of security from having your own
house
.
First
of all, you don’t have to worry about the usual monthly payment for renting. Because of
this
, you can spend your money on various other things in your daily life
such
as clothes, food, etc.
Secondly
, you are free from any restrictions because
this
is your own property.
For instance
, You can adjust the interior, modify your
house
, have pets – which is usually banned in renting apartments, or do anything of your own accord.
Hence
, you can truly feel comfortable and secure in your living place.
On the other hand
, the situation can change due to one’s
circumstance
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circumstances
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. To fully earn the mentioned privilege of having your own
house
, one has to have the money for it and other expenses that come along. Many
people
who buy houses that they can barely afford can run into several financial problems.
Instead
of paying rent, these
people
will have to pay for interest fee from the money they borrowed to buy a
house
. Usually, these loans are from
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the bank
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bank
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banks
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, and
these
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this cound
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cound
Correct your spelling
could
hardly be paid in a short period of time.
Moreover
, they have to pay for other living expenses
such
as taxes, water and electricity
bill
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bills
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, etc. In conclusion, owning your own
house
can be a great move for those who have the finance to support themselves, but it can backfire if you do not have a suitable circumstance.
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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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