In some countries, owning a home rather than renting one is very importatnt for people. Why misht this be the case? Do you think this is a positive or negative situation?

The cost of having a
home
has been inflated enormously in the past decade. In spite of that, some individuals prefer to own a house
instead
of renting
one
, in some regions.
This
could be because of an ever increase in rent prices which has a negative impact on society. Having a
home
provides families with peace of mind. By having a
home
,
people
can save more money, while they won’t need to think about price inflations and rent increases anymore.
In addition
, individuals who have lived in rental homes, have experienced
this
situation of moving out at least once in their lives. Which they’ve got to find another place to live in a month or two. So,
such
efforts waste lots of your time and money. I believe that
this
is a negative situation that
people
are looking into having a
home
instead
of renting
one
. Because houses are considered consumable products in many modern countries. While in western countries the house prices decline significantly as they get old.
For example
, in the USA you can buy a
home
which is 20 years old for half the price of a newly built
one
.
However
, when
people
look into buying
one
rather than renting it means that houses are becoming financial opportunities.
For instance
, in some Middle Eastern countries which have had many inflations. In conclusion, an increase in renting costs and worrying about your living place made
people
seek for having a
home
rather than living in a rental
one
.
On the other hand
,
this
made houses become financial products which is a negative impact on society.
Submitted by amirreza.alise on

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Topic Vocabulary:
  • Cultural Significance
  • Financial Investment
  • Heritage and Legacy
  • Equity
  • Return
  • Security
  • Permanence
  • Customize
  • Stability
  • Financial Burden
  • Socioeconomic Disparities
  • Marginalized
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