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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In some countries, the
house
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is very important in every person's life.
Therefore
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, some
people
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believe that the value of owning a
house
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is higher than that of renting one. I am inclined to believe that
this
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is a positive trend because a stable place where
people
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live is the most significant part of their own life.
First
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, many
people
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in a number of nations have not been in
favor
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favour
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of monthly rental for is a matter of long-term financial benefit. In reality, inflation is becoming more and more serious around the world which means the renting
house
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gradually
rises
Wrong verb form
rising
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day by day.
For example
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, in Ho Chi Minh city, the average monthly lease in a suburban area has jumped a big step from
last
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year. For
this
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reason, if
people
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buy a
house
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outright
instead
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of renting it monthly for a long time, they can save a lot of money because of avoiding rent inflation gradually.
Second
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, many
people
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buy a home for themselves
instead
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of renting because having their own home is convenient and simple to modify. They can change everything in their own
house
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according to their preferences.
For instance
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, changing architecture, interior, and size. Homeownership even can change their
house
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in a unique, strange way without having to ask anyone else's permission.
Therefore
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, the owner of a
house
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would be more active in rebuilding or redecorating the
house
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than the person who has to rent a
house
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.
However
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, some
people
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living in urban areas think that buying their own
house
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is quite difficult because the price of buying a
house
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is expensive.
Nevertheless
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, the high purchase price of a home means that the rent there is equally expensive. Renters
also
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have to pay the extra costs associated with renting a
house
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with a high monthly price.
For example
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, in Ho Chi Minh City today, tenants could pay additional management fees, and high parking fees. If
people
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buy a
house
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, they do not need to pay those fees.
Consequently
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, individuals
also
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should buy their own
house
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when living in the city. In conclusion, homeownership is more affordable for
people
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than monthly renting an apartment. Buying a
house
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of own could help citizens be more proactive and save money.
Therefore
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, if
people
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own a
house
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,
this
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ownership would help them feel free from economic pressure,
thus
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making them more positive.
Submitted by trankhanhnhi on

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Word Count

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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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