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?

The real estate industry in each

country

has its patterns, as the popularity of purchasing or renting a

home

differs from

country

to

country

.

The accommodation

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Accommodation

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has played a significant role in human life since cities and towns began to be overcrowded. While many people in various nations consider renting a more cost-effective alternative, others insist on buying an apartment. From my point of view,

this

is a

favorable

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favourable

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trend due to its practical impacts. For

this

essay, I will explain why I agree with

this

attitude.

To begin

with, purchasing a house for an extended period will make it easier for a family to build a "

home

". People, particularly the elderly and children, prefer to live in a

neighborhood

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neighbourhood

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where they know their

neighbors

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neighbours

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and feel connected to the local community.

For example

, if they changed their living location, they would become disoriented. It will take time to adjust to new surroundings, and

this

can lead to some mental difficulties. Another reason, even though renting accommodations provides a variety of alternatives for experiencing distinguished types of housing, the

money

paid monthly for renting a house is an unseen source of stress for the tenants. According to some estimates, about 50% of all renters spend one-

third

to half of their weekly income on housing purchases. Those who disagree with

this

viewpoint may argue that purchasing a

home

will cause a financial impact on their budget, necessitating the utilization of a loan to do so. At

first

, it seems compelling, but when considering the

money

a tenant spends every month on renting a

home

, it ends up costing more

money

over time.

Furthermore

, people usually recommend that a person should only buy a property when they have roughly 50% of the cost of the house;

otherwise

, if that person wants to take out a loan, the amount of

money

will be more appropriate. To reduce the interest rate, borrowing from relatives or friends is

also

a great selection. In conclusion, some nations wish to encourage their inhabitants to buy their own homes to establish a more stable lifestyle. Investing the same amount of

money

in a

home

rather than renting one, in my opinion, appears to be more advantageous.

Furthermore

, the more homes its residents possess, the higher the positive impact a

country

has on its development process.