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?

People
's lives are improving,
people
are getting more and more criteria in fulfilling their dreams, and owning a
house
for themselves is something that everyone is aiming for. It leads to the claim that owning a
home
places a high value rather than renting one. Here I will analyze the factors contributing to the rising of
this
phenomenon. Owning a
home
is a person's desire and motivation more than renting an apartment for
a
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long-term living since it represents security and stability. While rental prices can fluctuate, you do not have to worry about what your rent
this
month and the
next
months will be when you have a
home
of your own. In the US, many tenants sometimes have to pay double or even triple the monthly rent due to market economy fluctuations.
Therefore
, owning a
house
is necessary when it could ensure both material and spiritual stability. The characteristics and dignity of individuals are
also
reflected through the possibility of homeownership. In many countries, most
people
might claim that owning a
home
is a testament to wealth and success in society. Especially in eastern countries, owning a
house
proves you have a great income and a prosperous career.
Furthermore
,
people
often tend to redecorate their homes according to their preferences, thereby revealing their individuality and creativity. So it's not too difficult to understand why so many
people
like to own a
house
after all. There are some who would argue that spending a budget for buying a
house
is not an ideal thought because of wastefulness;
however
,
this
argument is dubious. Owning a
house
would help the economy of the country to grow spreadly. When having a
house
, individuals would not have to pay monthly rent,
instead
, they could use
this
amount of money to invest, contributing to the country's economy.
That is
how owning a
house
is a positive situation contributing benefits to society. Summing up, being apprehensive about not owning a
home
, the thought of renting one for a long-lasting living is not reasonably idealized. If
this
continues, the stability of the country's demographic would be certain since the residents have already had a permanent place to belong.
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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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