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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In recent days, several individuals may consider it is more crucial to own a
house
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than rent one in some countries. In my concern, there are several reasons for both situations and I will explain both standpoints. It is true that it is important for
people
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to buy their own
home
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,especially in certain countries. The main reason is owning a
home
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is a symbol of safety. Parents may consider that owning a residence is secure and don’t need to worry about the drawbacks of renting a
house
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.
Secondly
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, there is a Chinese proverb that means own a
house
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to begin
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your career.
Finally
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, why not use the money to buy a
home
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instead
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of paying rent. In
this
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case,
people
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may give the
house
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to their children or sell it when the price is high to earn more profit.
Nevertheless
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, owning a
house
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may be quite difficult for several
people
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such
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as low-income families.
Firstly
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, buying a
house
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may require a loan from the bank. To pay the loan, the family may need to sacrifice some proportion of their income. Another reason is unexpected payments
such
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as building insurance, furniture and maintenance fees.
Lastly
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, the environment is not stable.
For instance
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, more and more disasters are taking place all over the world
such
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as tornados and earthquakes. If the apartment that the population own is destroyed by the disaster
then
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it will be a financial crisis for some families. In conclusion, it may be important to buy a
house
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rather than renting a
home
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for several
people
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. There are several positive situations and drawbacks to consider before owning a
house
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.
Submitted by bsbwillie 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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