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?

In societies that value the tradition of family ties, purchasing a
house
is considered a duty to maintain
this
practice.
This
leads to the claim that it is more essential to possess a
home
than to rent one. Here I will analyze the factors contributing to the importance of owning a
home
and I believe it will have negative effects in the long run. There are several reasons why homeownership is more crucial than renting a
home
.
Firstly
,
this
trend provides an economic advantage.
In other words
, possessing a
home
can be seen as a long-term financial benefit since
homeowners
do not have to pay monthly rents that are increasing gradually.
For instance
, in America, the average monthly lease has risen significantly over the
last
few years,
thus
causing countless renters to suffer from renting inflation. Undoubtedly,
homeowners
can save up a great deal of money for future plans
instead
of spending it on rent.
Secondly
, owning a
home
also
brings
people
a great sense of privacy and comfort. It means that
homeowners
can modify and renovate their own
house
without facing any hassles from the landlords;
thus
giving them the freedom to build their own residence and enjoy their living space.
However
, the emphasis on buying a
house
can be a negative trend. Nowadays, it is impractical for city dwellers to possess a
house
due to the dramatic growth in the real estate market.
For example
, in urban areas, numerous residents claim that the
house
prices are three times greater than their annual income.
Therefore
,
this
unpleasant situation would result in financial pressure for
people
who have low income and lead to the inability of affording their own
house
. Some might claim that when possessing an accommodation,
people
do not have to pay for any additional costs;
however
,
this
argument is dubious. In truth,
homeowners
have to be responsible for plenty of expenses that may incur. Evidence for
this
can be seen in America where most
people
who own a
house
have to pay maintenance
fees
or repair
fees
that may cost a fortune.
Nevertheless
, when it comes to renting a
house
, renters do not have to pay for
such
expenses since their landlords will cover these
fees
for them.
Therefore
, renting accommodation might be a better option for
people
who detest paying additional
fees
. In conclusion, the trend for possessing a
house
is attributable to two main reasons and I believe that
this
is
an
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unpleasant progress.
Although
having your own
home
seems desirable in terms of the economy, it can cause
people
to confront countless financial burdens.
Therefore
,
people
who cannot afford to buy a
house
should not feel miserable about their incompetence.
Submitted by trankhanhnhi 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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