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?

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People
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's lives are improving,
people
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are getting more and more criteria in fulfilling their dreams, and owning a
house
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for themselves is something that everyone is aiming for. It leads to the claim that owning a
home
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places a high value rather than renting one. Here I will analyze the factors contributing to the rising of
this
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phenomenon. Owning a
home
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is a person's desire and motivation more than renting an apartment for
a
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apply
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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
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month and the
next
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months will be when you have a
home
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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
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, owning a
house
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is necessary when it could ensure both material and spiritual stability. The characteristics and dignity of individuals are
also
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reflected through the possibility of homeownership. In many countries, most
people
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might claim that owning a
home
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is a testament to wealth and success in society. Especially in eastern countries, owning a
house
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proves you have a great income and a prosperous career.
Furthermore
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,
people
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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
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like to own a
house
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after all. There are some who would argue that spending a budget for buying a
house
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is not an ideal thought because of wastefulness;
however
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,
this
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argument is dubious. Owning a
house
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would help the economy of the country to grow spreadly. When having a
house
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, individuals would not have to pay monthly rent,
instead
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, they could use
this
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amount of money to invest, contributing to the country's economy.
That is
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how owning a
house
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is a positive situation contributing benefits to society. Summing up, being apprehensive about not owning a
home
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, the thought of renting one for a long-lasting living is not reasonably idealized. If
this
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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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